John G Ullman & Associates Inc. Increases Stock Position in Halliburton (NYSE:HAL)

John G Ullman & Associates Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,008 shares of the oilfield services company’s stock after acquiring an additional 18,260 shares during the period. John G Ullman & Associates Inc.’s holdings in Halliburton were worth $6,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Halliburton by 19.1% in the fourth quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock worth $42,642,000 after buying an additional 189,324 shares during the last quarter. Nordea Investment Management AB grew its position in Halliburton by 271.0% during the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after buying an additional 561,020 shares during the period. Cerity Partners LLC grew its position in Halliburton by 69.5% during the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after buying an additional 84,771 shares during the period. KLCM Advisors Inc. grew its position in Halliburton by 6.9% during the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after buying an additional 31,534 shares during the period. Finally, GAMMA Investing LLC grew its position in Halliburton by 10.9% during the first quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock valued at $329,000 after buying an additional 819 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAL. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. TD Cowen lifted their price target on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Citigroup dropped their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Morgan Stanley lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The disclosure for this sale can be found here. Insiders sold a total of 52,287 shares of company stock worth $1,930,704 in the last 90 days. 0.61% of the stock is owned by insiders.

Halliburton Stock Up 1.8 %

NYSE HAL traded up $0.60 on Thursday, hitting $33.63. 8,381,070 shares of the stock were exchanged, compared to its average volume of 7,249,810. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a fifty-two week low of $32.60 and a fifty-two week high of $43.85. The company has a market cap of $29.77 billion, a PE ratio of 11.63, a PEG ratio of 0.85 and a beta of 1.93. The company has a 50-day moving average price of $35.05 and a 200-day moving average price of $36.17.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share 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 business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Halliburton will post 3.37 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 2.02%. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Halliburton Company 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.