Blume Capital Management Inc. decreased its holdings in shares of Halliburton (NYSE:HAL) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,350 shares of the oilfield services company’s stock after selling 12,325 shares during the period. Blume Capital Management Inc.’s holdings in Halliburton were worth $1,631,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HAL. Parallel Advisors LLC grew its position in shares of Halliburton by 21.3% during the fourth quarter. Parallel Advisors LLC now owns 4,033 shares of the oilfield services company’s stock worth $107,000 after acquiring an additional 707 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Halliburton by 1.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,191,458 shares of the oilfield services company’s stock worth $31,669,000 after acquiring an additional 15,997 shares during the last quarter. Smith Salley & Associates bought a new position in shares of Halliburton during the fourth quarter worth about $944,000. One Capital Management LLC grew its position in shares of Halliburton by 0.7% during the fourth quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock worth $1,426,000 after acquiring an additional 369 shares during the last quarter. Finally, Welch & Forbes LLC grew its position in shares of Halliburton by 4.5% during the fourth quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock worth $239,000 after acquiring an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.
Shares of NYSE HAL opened at $30.20 on Tuesday. Halliburton has a twelve month low of $24.70 and a twelve month high of $54.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.30 and a quick ratio of 1.68. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. During the same period in the prior year, the company earned $0.53 EPS. Halliburton’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Halliburton will post 1.4 EPS for the current year.
Several equities analysts have recently commented on HAL shares. Morgan Stanley restated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 23rd. Royal Bank of Canada set a $56.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, October 22nd. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Societe Generale set a $42.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, Macquarie set a $40.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Two equities 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $45.65.
In other Halliburton news, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the sale, the vice president now owns 56,663 shares in the company, valued at approximately $1,670,425.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Anne L. Beaty sold 1,300 shares of the business’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the sale, the vice president now owns 58,848 shares in the company, valued at approximately $1,677,168. The disclosure for this sale can be found here. Insiders sold a total of 11,577 shares of company stock valued at $360,700 over the last three months. 0.54% of the stock is owned by corporate insiders.
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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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