Global Financial Private Capital LLC lowered its holdings in Halliburton Company (NYSE:HAL) by 64.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,714 shares of the oilfield services company’s stock after selling 28,223 shares during the quarter. Global Financial Private Capital LLC’s holdings in Halliburton were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in HAL. WINTON GROUP Ltd acquired a new stake in shares of Halliburton in the second quarter worth $242,000. Colorado Capital Management Inc. acquired a new stake in shares of Halliburton in the third quarter worth $253,000. Arcadia Investment Management Corp MI increased its stake in shares of Halliburton by 3.1% in the third quarter. Arcadia Investment Management Corp MI now owns 82,643 shares of the oilfield services company’s stock worth $3,804,000 after acquiring an additional 2,460 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Halliburton by 851.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,754,431 shares of the oilfield services company’s stock worth $80,756,000 after acquiring an additional 1,570,099 shares during the period. Finally, Founders Capital Management increased its stake in shares of Halliburton by 26.2% in the third quarter. Founders Capital Management now owns 25,262 shares of the oilfield services company’s stock worth $1,163,000 after acquiring an additional 5,241 shares during the period. Hedge funds and other institutional investors own 80.61% of the company’s stock.
Halliburton Company (NYSE:HAL) opened at $47.50 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. The stock has a market cap of $41,558.22, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $57.86.
A number of research firms have recently weighed in on HAL. Atlantic Securities upgraded shares of Halliburton from an “underweight” rating to a “neutral” rating in a research note on Monday, January 29th. Barclays set a $66.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Jefferies Group set a $65.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 23rd. B. Riley increased their price target on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Cowen reissued a “hold” rating and set a $60.00 price target on shares of Halliburton in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.73.
In other news, insider Timothy Mckeon sold 4,583 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Anne L. Beaty sold 1,245 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $51.50, for a total transaction of $64,117.50. Following the completion of the transaction, the vice president now directly owns 60,839 shares in the company, valued at $3,133,208.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,507 shares of company stock worth $8,380,429. Insiders own 0.47% of the company’s stock.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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