Alpha Cubed Investments LLC Has $16.69 Million Stock Holdings in Halliburton (NYSE:HAL)

Alpha Cubed Investments LLC raised its holdings in Halliburton (NYSE:HAL) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,729 shares of the oilfield services company’s stock after acquiring an additional 12,455 shares during the quarter. Alpha Cubed Investments LLC owned about 0.05% of Halliburton worth $16,691,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. Valeo Financial Advisors LLC acquired a new stake in Halliburton in the third quarter valued at approximately $360,000. Compagnie Lombard Odier SCmA raised its position in shares of Halliburton by 18.4% in the third quarter. Compagnie Lombard Odier SCmA now owns 10,062 shares of the oilfield services company’s stock valued at $408,000 after purchasing an additional 1,562 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Halliburton by 106.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 185,217 shares of the oilfield services company’s stock valued at $7,501,000 after purchasing an additional 95,487 shares during the period. Xponance Inc. raised its position in shares of Halliburton by 0.5% in the third quarter. Xponance Inc. now owns 133,440 shares of the oilfield services company’s stock valued at $5,404,000 after purchasing an additional 682 shares during the period. Finally, Pinnacle Associates Ltd. bought a new position in shares of Halliburton in the third quarter valued at approximately $229,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

Halliburton stock traded down $1.41 on Tuesday, hitting $37.48. The company’s stock had a trading volume of 7,440,545 shares, compared to its average volume of 7,082,327. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $37.95 and a 200-day moving average price of $37.31. The firm has a market cap of $33.18 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating 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 company 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 company earned $0.72 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post 3.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HAL. The Goldman Sachs Group lifted their price target on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays dropped their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Finally, Raymond James dropped their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $48.65.

Halliburton 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.