Halliburton (NYSE:HAL) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its position in Halliburton (NYSE:HAL) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,959,002 shares of the oilfield services company’s stock after acquiring an additional 135,832 shares during the period. Raymond James & Associates owned about 0.45% of Halliburton worth $156,064,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HAL. CX Institutional purchased a new stake in Halliburton during the third quarter worth $344,000. Valeo Financial Advisors LLC acquired a new stake in shares of Halliburton during the third quarter worth $360,000. Compagnie Lombard Odier SCmA grew 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. Arcadia Investment Management Corp MI increased its stake in Halliburton by 0.7% in the third quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock valued at $1,499,000 after purchasing an additional 250 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Halliburton by 106.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 185,217 shares of the oilfield services company’s stock worth $7,501,000 after buying an additional 95,487 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Halliburton stock traded up $0.34 during trading hours on Monday, hitting $38.89. 3,938,427 shares of the stock were exchanged, compared to its average volume of 7,077,958. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The business’s 50-day moving average is $37.95 and its two-hundred day moving average is $37.31. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market capitalization of $34.42 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.99 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 for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. Equities research analysts expect that Halliburton will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. Citigroup lifted their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Barclays lowered their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Finally, TD Cowen increased their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.