Collaborative Fund Advisors LLC Takes $1.03 Million Position in Halliburton Company $HAL

Collaborative Fund Advisors LLC acquired a new position in Halliburton Company (NYSE:HAL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,389 shares of the oilfield services company’s stock, valued at approximately $1,029,000.

Other large investors have also added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its stake in Halliburton by 39.1% in the 1st quarter. Kathmere Capital Management LLC now owns 14,071 shares of the oilfield services company’s stock valued at $549,000 after buying an additional 3,954 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Halliburton during the 1st quarter worth about $129,000. Bogart Wealth LLC boosted its stake in shares of Halliburton by 3.8% during the 1st quarter. Bogart Wealth LLC now owns 16,942 shares of the oilfield services company’s stock worth $661,000 after buying an additional 615 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Halliburton in the 1st quarter valued at about $97,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Halliburton by 6,364.7% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,099 shares of the oilfield services company’s stock valued at $43,000 after acquiring an additional 1,082 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. TD Cowen raised their price target on Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Griffin Securities raised Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, April 22nd. Argus upped their price objective on Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Zephirin Group increased their price objective on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $43.32.

Halliburton Stock Up 0.1%

Shares of HAL stock opened at $32.98 on Monday. Halliburton Company has a 52-week low of $20.17 and a 52-week high of $43.59. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.43 and a beta of 0.71. The firm’s 50-day moving average is $38.90 and its 200-day moving average is $35.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Sell-side analysts predict that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.

Insider Buying and Selling

In other news, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the sale, the insider owned 93,763 shares in the company, valued at approximately $3,927,732.07. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president directly owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 258,255 shares of company stock valued at $10,550,535. 0.57% of the stock is currently owned by insiders.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.