Marietta Wealth Management LLC Has $4.06 Million Stake in Halliburton (NYSE:HAL)

Marietta Wealth Management LLC cut its stake in Halliburton (NYSE:HAL) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,382 shares of the oilfield services company’s stock after selling 1,073 shares during the period. Marietta Wealth Management LLC’s holdings in Halliburton were worth $4,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HAL. SVB Wealth LLC lifted its position in shares of Halliburton by 49.2% in the 4th quarter. SVB Wealth LLC now owns 9,201 shares of the oilfield services company’s stock worth $333,000 after purchasing an additional 3,034 shares during the period. Cullen Investment Group LTD. bought a new stake in Halliburton during the fourth quarter valued at $2,140,000. Cornercap Investment Counsel Inc. bought a new stake in Halliburton during the fourth quarter valued at $1,915,000. Vontobel Holding Ltd. grew its holdings in Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after acquiring an additional 22,906 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of Halliburton in the 4th quarter worth about $1,956,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HAL shares. UBS Group raised their target price on Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. TD Cowen boosted their target price on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Atb Cap Markets lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.53.

Halliburton Stock Down 1.9 %

Shares of Halliburton stock traded down $0.73 on Tuesday, hitting $38.37. The company had a trading volume of 2,779,269 shares, compared to its average volume of 7,119,316. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. The stock has a 50 day moving average of $37.18 and a 200-day moving average of $37.42. The stock has a market capitalization of $34.01 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period last year, the business earned $0.72 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Halliburton will post 3.42 earnings per share for the current year.

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.77%. This is an increase from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 23.21%.

Insider Buying and Selling at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’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 value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’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 directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’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 owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.