West Family Investments Inc. Invests $703,000 in Halliburton Company $HAL

West Family Investments Inc. acquired a new stake in Halliburton Company (NYSE:HAL) in the 2nd quarter, Holdings Channel reports. The fund acquired 20,715 shares of the oilfield services company’s stock, valued at approximately $703,000.

Several other large investors also recently bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP lifted its position in Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after acquiring an additional 20,583 shares during the period. Focus Partners Wealth lifted its position in Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after acquiring an additional 10,408 shares during the period. Intech Investment Management LLC grew its stake in Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Halliburton in the first quarter valued at about $895,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Slocum sold 52,572 shares of Halliburton stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by insiders.

Halliburton Price Performance

Shares of Halliburton stock traded down $0.21 on Tuesday, hitting $36.86. The company’s stock had a trading volume of 8,448,155 shares, compared to its average volume of 13,476,296. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.76. Halliburton Company has a 1 year low of $21.46 and a 1 year high of $43.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a fifty day moving average price of $34.19 and a 200-day moving average price of $36.69.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.Halliburton’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton’s payout ratio is currently 35.60%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of recent research reports. Wolfe Research started coverage on Halliburton in a research report on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Wall Street Zen downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Monday, August 31st. Rothschild & Co Redburn increased their price objective on shares of Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Evercore restated an “outperform” rating and set a $43.00 target price on shares of Halliburton in a research report on Wednesday, July 22nd. Finally, Susquehanna cut their price target on Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.