Cypress Capital Management LLC WY Sells 1,275 Shares of Halliburton (NYSE:HAL)

Cypress Capital Management LLC WY lowered its position in Halliburton (NYSE:HAL) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,378 shares of the oilfield services company’s stock after selling 1,275 shares during the period. Halliburton accounts for about 1.4% of Cypress Capital Management LLC WY’s holdings, making the stock its 20th biggest position. Cypress Capital Management LLC WY’s holdings in Halliburton were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Halliburton by 271.0% in the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after purchasing an additional 561,020 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Halliburton by 69.5% in the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares in the last quarter. KLCM Advisors Inc. lifted its holdings in shares of Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Halliburton by 65.4% in the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after purchasing an additional 22,906 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Halliburton in the third quarter valued at approximately $344,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of NYSE HAL traded up $0.27 during mid-day trading on Monday, hitting $38.81. The company had a trading volume of 2,785,418 shares, compared to its average volume of 7,060,465. The company has a market capitalization of $34.36 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.99 and a beta of 2.00. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $37.88 and its 200-day moving average price is $37.33.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts forecast that Halliburton will post 3.4 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of the business’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 transaction, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Margaret Katherine Banks sold 5,000 shares of the business’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 transaction, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated 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 sale, the chief executive officer now directly 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. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, January 24th. TD Cowen lifted their price target on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. Raymond James dropped their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, Wells Fargo & Company dropped their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday. One research analyst has 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $48.65.

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.