Leisure Capital Management Sells 3,377 Shares of Halliburton (NYSE:HAL)

Leisure Capital Management lowered its stake in Halliburton (NYSE:HAL) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,326 shares of the oilfield services company’s stock after selling 3,377 shares during the period. Leisure Capital Management’s holdings in Halliburton were worth $916,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HAL. Ancora Advisors LLC boosted its holdings in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC bought a new stake in shares of Halliburton during the 4th quarter valued at $37,000. Stone House Investment Management LLC bought a new stake in shares of Halliburton during the 4th quarter valued at $38,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in shares of Halliburton by 27.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after buying an additional 296 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Stock Performance

Halliburton stock traded down $0.18 during midday trading on Friday, hitting $38.54. The stock had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The firm’s fifty day moving average is $37.88 and its two-hundred day moving average is $37.39. The company has a market capitalization of $34.12 billion, a PE ratio of 13.34, a P/E/G ratio of 1.00 and a beta of 2.00. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last released its 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. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts forecast that Halliburton will post 3.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen boosted their target price on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $45.00 target price on shares of Halliburton in a report on Wednesday. Finally, Susquehanna reiterated a “positive” rating and issued a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton presently has an average rating of “Buy” and an average target price of $48.82.

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.