Advantage Trust Co Acquires Shares of 1,500 Halliburton (NYSE:HAL)

Advantage Trust Co acquired a new stake in Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,500 shares of the oilfield services company’s stock, valued at approximately $54,000.

Other hedge funds have also modified their holdings of the company. GDS Wealth Management raised its stake in shares of Halliburton by 13.7% during the fourth quarter. GDS Wealth Management now owns 247,009 shares of the oilfield services company’s stock worth $8,929,000 after purchasing an additional 29,823 shares during the last quarter. Townsend & Associates Inc raised its position in Halliburton by 0.9% during the 4th quarter. Townsend & Associates Inc now owns 56,490 shares of the oilfield services company’s stock worth $2,081,000 after buying an additional 498 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Halliburton by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,444,695 shares of the oilfield services company’s stock worth $196,819,000 after acquiring an additional 153,419 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Halliburton by 28.7% in the fourth quarter. Apollon Wealth Management LLC now owns 17,876 shares of the oilfield services company’s stock valued at $646,000 after acquiring an additional 3,986 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Halliburton by 6.9% during the fourth quarter. Private Advisor Group LLC now owns 47,529 shares of the oilfield services company’s stock worth $1,718,000 after acquiring an additional 3,083 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 1.2 %

Halliburton stock traded up $0.44 during midday trading on Thursday, reaching $37.48. The stock had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. The stock has a market capitalization of $33.18 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.93 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. The stock’s 50-day simple moving average is $38.21 and its 200 day simple moving average is $37.07. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (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 business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Halliburton will post 3.39 EPS for the current year.

Insider Activity at Halliburton

In other news, SVP Jill D. Sharp sold 3,346 shares of the company’s 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 owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jill D. Sharp sold 3,346 shares of the business’s 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 transaction, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 434,287 shares of company stock worth $15,415,304. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HAL shares. Wells Fargo & Company lowered their price objective on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. TD Cowen increased their price objective on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Benchmark restated a “buy” rating and set a $45.00 target price on shares of Halliburton in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two equities research analysts have 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 MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $48.59.

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.