Doheny Asset Management CA Sells 1,767 Shares of Halliburton (NYSE:HAL)

Doheny Asset Management CA trimmed its stake in Halliburton (NYSE:HAL) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 22,922 shares of the oilfield services company’s stock after selling 1,767 shares during the quarter. Doheny Asset Management CA’s holdings in Halliburton were worth $829,000 at the end of the most recent reporting period.

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

Halliburton Trading Up 1.2 %

HAL stock traded up $0.44 on Thursday, reaching $36.77. The company’s stock had a trading volume of 2,920,679 shares, compared to its average volume of 7,040,181. The business has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $37.27. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The firm has a market cap of $32.55 billion, a PE ratio of 12.64, a PEG ratio of 0.95 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 3.39 EPS for the current year.

Analysts Set New Price Targets

HAL has been the topic of a number of recent research reports. Wells Fargo & Company reduced 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. Morgan Stanley increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group increased their price target on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average target price of $48.59.

Insider Buying and Selling

In related 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 sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the 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 owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the 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 owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

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.