GDS Wealth Management Has $8.93 Million Position in Halliburton (NYSE:HAL)

GDS Wealth Management raised its stake in Halliburton (NYSE:HAL) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,009 shares of the oilfield services company’s stock after acquiring an additional 29,823 shares during the period. GDS Wealth Management’s holdings in Halliburton were worth $8,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Ancora Advisors LLC lifted its position in Halliburton by 443.8% during 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 period. Princeton Global Asset Management LLC bought a new position in shares of Halliburton in the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in shares of Halliburton in the fourth quarter worth about $37,000. Stone House Investment Management LLC bought a new position in shares of Halliburton in the fourth quarter worth about $38,000. Finally, Farmers & Merchants Investments Inc. lifted its holdings 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 worth $50,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 1.2 %

Shares of Halliburton stock traded up $0.44 during trading on Thursday, reaching $37.48. The company had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. The firm’s fifty day moving average is $38.21 and its 200-day moving average is $37.07. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. 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 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. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, analysts anticipate that Halliburton will post 3.39 EPS for the current year.

Insider Transactions at Halliburton

In related news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Halliburton news, 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 in the company, valued at approximately $339,762.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Insiders sold 434,287 shares of company stock valued at $15,415,304 over the last three months. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAL. TD Cowen upped their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. Jefferies Financial Group upped their price target on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Raymond James cut their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

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.