WealthTrust Asset Management LLC Takes Position in Halliburton (NYSE:HAL)

WealthTrust Asset Management LLC purchased a new stake in Halliburton (NYSE:HAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,506 shares of the oilfield services company’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Halliburton by 21.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,228 shares of the oilfield services company’s stock valued at $251,000 after acquiring an additional 1,615 shares during the last quarter. one8zero8 LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $1,641,000. Hills Bank & Trust Co increased its stake in Halliburton by 2.0% during the 4th quarter. Hills Bank & Trust Co now owns 38,138 shares of the oilfield services company’s stock worth $1,037,000 after purchasing an additional 738 shares in the last quarter. Blume Capital Management Inc. increased its stake in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in Halliburton during the 4th quarter worth approximately $358,000. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 3.1 %

Shares of Halliburton stock opened at $25.09 on Friday. The business has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $28.27. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is 24.03%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Jefferies Financial Group lowered their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Benchmark lowered their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Finally, Evercore ISI reduced their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,603 shares of company stock valued at $4,041,695 in the last quarter. 0.61% of the stock is currently owned by insiders.

Halliburton Company Profile

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.