Gilliland Jeter Wealth Management LLC Invests $425,000 in Halliburton (NYSE:HAL)

Gilliland Jeter Wealth Management LLC acquired a new position in Halliburton (NYSE:HAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,752 shares of the oilfield services company’s stock, valued at approximately $425,000.

A number of other large investors also recently modified their holdings of HAL. CX Institutional purchased a new position in shares of Halliburton in the 3rd quarter worth about $344,000. Czech National Bank raised its holdings in shares of Halliburton by 47.0% in the 3rd quarter. Czech National Bank now owns 157,047 shares of the oilfield services company’s stock worth $6,360,000 after purchasing an additional 50,216 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Halliburton in the 3rd quarter worth about $208,000. Oak Harbor Wealth Partners LLC grew its stake in shares of Halliburton by 3.8% in the third quarter. Oak Harbor Wealth Partners LLC now owns 20,501 shares of the oilfield services company’s stock valued at $830,000 after buying an additional 755 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in shares of Halliburton by 5.3% in the third quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock valued at $188,000 after buying an additional 232 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction 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 sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction 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 transaction, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HAL shares. The Goldman Sachs Group increased their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. Citigroup increased their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley increased their target price on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Benchmark restated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $48.82.

Halliburton Stock Performance

Shares of NYSE HAL traded down $0.18 during mid-day trading on Friday, hitting $38.54. The company had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The stock has a market cap of $34.12 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.00 and a beta of 2.00. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.48. The firm’s 50 day simple moving average is $37.88 and its two-hundred day simple moving average is $37.39.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) 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 the consensus estimate of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, equities research analysts forecast that Halliburton will post 3.4 earnings per share 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.