11,752 Shares in Halliburton (NYSE:HAL) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC acquired a new position in shares of Halliburton (NYSE:HAL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,752 shares of the oilfield services company’s stock, valued at approximately $425,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC grew its position in Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 719 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $37,000. Stone House Investment Management LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $38,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Halliburton by 27.2% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after buying an additional 296 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on HAL shares. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. Raymond James dropped their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Barclays dropped their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, The Goldman Sachs Group upped their price target on Halliburton from $46.00 to $48.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.82.

Halliburton Stock Performance

Shares of HAL stock traded down $0.18 during trading on Friday, hitting $38.54. The company’s stock had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The company has a market cap of $34.12 billion, a PE ratio of 13.34, a P/E/G ratio of 1.00 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $37.88 and a 200-day moving average of $37.39. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the company posted $0.72 earnings per share. Halliburton’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts anticipate that Halliburton will post 3.4 earnings per share for the current year.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.