3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC raised its position in shares of Halliburton ( NYSE:HAL – Free Report ) by 33.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,065 shares of the oilfield services company’s stock after buying an additional 2,042 shares during the quarter.
CIBC Private Wealth Group LLC’s holdings in Halliburton were worth $218,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mediolanum International Funds Ltd raised its position in shares of Halliburton by 48.
2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after acquiring an additional 23,340 shares in the last quarter. Sei Investments Co.
increased its stake in Halliburton by 18.2% during the fourth quarter. Sei Investments Co.
now owns 278,934 shares of the oilfield services company’s stock valued at $7,584,000 after purchasing an additional 42,876 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Halliburton by 3.
7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after purchasing an additional 80,567 shares during the period.
Congress Asset Management Co. bought a new position in shares of Halliburton in the 4th quarter worth about $621,000. Finally, Massachusetts Wealth Management boosted its holdings in shares of Halliburton by 180.
9% in the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after buying an additional 28,125 shares during the period. Institutional investors and hedge funds own 85.
23% of the company’s stock. Halliburton Stock Performance Shares of NYSE HAL opened at $19.93 on Monday.
Halliburton has a 1 year low of $19.05 and a 1 year high of $41.56.
The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.
05. The stock has a fifty day moving average price of $25.49 and a two-hundred day moving average price of $27.
78. The firm has a market cap of $17.30 billion, a P/E ratio of 7.
04, a PEG ratio of 3.79 and a beta of 1.45.
Halliburton Dividend Announcement Insiders Place Their Bets In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.
78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13.
The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.
00. Following the sale, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04.
This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Halliburton from $30.00 to $29.
00 and set an “equal weight” rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd.
UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th.
Jefferies Financial Group lowered their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd.
Finally, Wells Fargo & Company cut their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th.
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, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.
37. Check Out Our Latest Report on Halliburton Halliburton Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter .
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