Marietta Wealth Management LLC cut its stake in shares of Halliburton (NYSE:HAL) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,645 shares of the oilfield services company’s stock after selling 437 shares during the quarter. Marietta Wealth Management LLC’s holdings in Halliburton were worth $1,213,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of HAL. Essex Savings Bank purchased a new position in Halliburton during the fourth quarter valued at approximately $27,000. CX Institutional purchased a new position in Halliburton during the fourth quarter valued at approximately $30,000. Capital Investment Advisory Services LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $38,000. Ipswich Investment Management Co. Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $40,000. Finally, CKW Financial Group purchased a new position in Halliburton during the fourth quarter valued at approximately $40,000. 78.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Anne L. Beaty sold 7,200 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $32.33, for a total transaction of $232,776.00. Following the completion of the transaction, the vice president now directly owns 62,196 shares in the company, valued at $2,010,796.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total transaction of $75,115.04. Following the transaction, the vice president now owns 56,663 shares of the company’s stock, valued at $1,670,425.24. The disclosure for this sale can be found here. Insiders have sold 11,577 shares of company stock valued at $360,700 over the last 90 days. 0.54% of the stock is currently owned by insiders.
Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Halliburton will post 1.4 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Sunday, January 6th. Cleveland Research lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. UBS Group set a $42.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group set a $46.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, Royal Bank of Canada set a $48.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.65.
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Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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