Halliburton (NYSE:HAL) Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp grew its holdings in Halliburton (NYSE:HAL) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,434 shares of the oilfield services company’s stock after purchasing an additional 4,960 shares during the quarter. Consolidated Planning Corp’s holdings in Halliburton were worth $2,040,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ancora Advisors LLC grew its position in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $37,000. Stone House Investment Management LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $38,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after purchasing an additional 296 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction 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 approximately $26,793,229.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction 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 approximately $26,793,229.50. The sale was disclosed in a document filed with the SEC, 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 transaction of $176,500.00. Following 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 company insiders.

Halliburton Trading Down 0.5 %

Shares of HAL stock traded down $0.18 during mid-day trading on Friday, reaching $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’s 50 day simple moving average is $37.88 and its 200-day simple moving average is $37.39. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

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

Analyst Upgrades and Downgrades

HAL has been the topic of a number of analyst reports. Citigroup raised their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday. Morgan Stanley raised their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Finally, Barclays cut their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. One equities research 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 company’s stock. According to MarketBeat, Halliburton has a consensus rating of “Buy” and a consensus price target of $48.82.

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.