KLCM Advisors Inc. Has $17.72 Million Holdings in Halliburton (NYSE:HAL)

KLCM Advisors Inc. boosted its stake in shares of Halliburton (NYSE:HAL) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 490,230 shares of the oilfield services company’s stock after purchasing an additional 31,534 shares during the quarter. Halliburton accounts for about 2.7% of KLCM Advisors Inc.’s holdings, making the stock its 10th largest holding. KLCM Advisors Inc.’s holdings in Halliburton were worth $17,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Halliburton by 1.5% during the first quarter. Geode Capital Management LLC now owns 18,691,333 shares of the oilfield services company’s stock worth $590,048,000 after purchasing an additional 271,718 shares during the period. Morgan Stanley boosted its position in shares of Halliburton by 65.5% in the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after acquiring an additional 6,815,373 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Halliburton by 123.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after acquiring an additional 8,791,319 shares during the period. Norges Bank bought a new stake in shares of Halliburton in the fourth quarter valued at about $457,245,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Halliburton by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,384,178 shares of the oilfield services company’s stock valued at $408,617,000 after acquiring an additional 384,016 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred 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 $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 directly 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.

Halliburton Price Performance

NYSE HAL traded down $0.66 during trading on Wednesday, hitting $38.44. 6,349,624 shares of the company’s stock were exchanged, compared to its average volume of 5,089,068. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The company has a market cap of $34.07 billion, a PE ratio of 13.12, a P/E/G ratio of 0.98 and a beta of 2.00. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The stock’s 50 day moving average price is $37.25 and its two-hundred day moving average price is $37.40.

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

Halliburton Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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 research report on Sunday. UBS Group boosted their target price on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Barclays reduced their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Finally, Atb Cap Markets downgraded Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.53.

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.