Clearstead Trust LLC Sells 394 Shares of Halliburton (NYSE:HAL)

Clearstead Trust LLC lowered its holdings in Halliburton (NYSE:HAL) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,998 shares of the oilfield services company’s stock after selling 394 shares during the period. Clearstead Trust LLC’s holdings in Halliburton were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HAL. Ancora Advisors LLC boosted its holdings in shares of Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in Halliburton in the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC bought a new position in Halliburton during the fourth quarter valued at approximately $37,000. Stone House Investment Management LLC purchased a new position in shares of Halliburton during the fourth quarter worth approximately $38,000. Finally, Farmers & Merchants Investments Inc. lifted its holdings in shares of Halliburton by 27.2% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after acquiring an additional 296 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.03 during trading on Friday, hitting $36.73. The company’s stock had a trading volume of 3,899,005 shares, compared to its average volume of 6,076,928. The company has a 50-day moving average of $38.08 and a 200-day moving average of $37.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The firm has a market cap of $32.52 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.93 and a beta of 2.01. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. On average, sell-side analysts expect that Halliburton will post 3.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were 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 in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. TD Cowen increased their target price on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. UBS Group raised their price objective on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Raymond James dropped their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.59.

Halliburton 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.