Leisure Capital Management Reduces Stake in Halliburton (NYSE:HAL)

Leisure Capital Management reduced its stake in Halliburton (NYSE:HAL) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,326 shares of the oilfield services company’s stock after selling 3,377 shares during the quarter. Leisure Capital Management’s holdings in Halliburton were worth $916,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. MCF Advisors LLC grew its holdings in shares of Halliburton by 5.3% during the 3rd quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock worth $188,000 after purchasing an additional 232 shares during the period. Arcadia Investment Management Corp MI increased its stake in Halliburton by 0.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock worth $1,499,000 after buying an additional 250 shares during the period. Nvwm LLC increased its stake in Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after buying an additional 259 shares during the period. Stratos Wealth Advisors LLC increased its stake in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after buying an additional 263 shares during the period. Finally, Lake Street Advisors Group LLC grew its holdings in Halliburton by 2.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after acquiring an additional 268 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HAL shares. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday. UBS Group upped their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays cut their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $48.82.

Halliburton Trading Down 0.5 %

NYSE HAL traded down $0.18 during mid-day 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. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The stock’s fifty day simple moving average is $37.88 and its two-hundred day simple moving average is $37.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.48. The firm has a market capitalization of $34.12 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

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

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were 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 owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of Halliburton 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 completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Halliburton Company Profile

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.