Mackenzie Financial Corp Has $3.09 Million Stock Holdings in Halliburton (NYSE:HAL)

Mackenzie Financial Corp decreased its position in shares of Halliburton (NYSE:HAL) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 85,368 shares of the oilfield services company’s stock after selling 2,907 shares during the period. Mackenzie Financial Corp’s holdings in Halliburton were worth $3,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Cullen Investment Group LTD. bought a new stake in Halliburton in the fourth quarter worth approximately $2,140,000. Cornercap Investment Counsel Inc. acquired a new position in Halliburton during the fourth quarter worth $1,915,000. Vontobel Holding Ltd. raised its holdings in Halliburton by 65.4% during the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after buying an additional 22,906 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Halliburton in the fourth quarter worth about $1,956,000. Finally, ORG Partners LLC boosted its stake in shares of Halliburton by 28.6% during the 4th quarter. ORG Partners LLC now owns 4,236 shares of the oilfield services company’s stock worth $153,000 after acquiring an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays cut their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. UBS Group upped their price objective on shares of Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. TD Cowen lifted their target price on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a report on Monday. Finally, Susquehanna reiterated a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Buy” and a consensus target price of $48.53.

Halliburton Trading Down 1.0 %

Halliburton stock opened at $38.70 on Tuesday. The business has a 50 day moving average price of $37.57 and a two-hundred day moving average price of $37.39. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. Halliburton’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, equities analysts forecast that Halliburton will post 3.42 EPS for the current year.

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.