Geneos Wealth Management Inc. Buys 5,802 Shares of Halliburton (NYSE:HAL)

Geneos Wealth Management Inc. increased its stake in shares of Halliburton (NYSE:HAL) by 127.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,356 shares of the oilfield services company’s stock after purchasing an additional 5,802 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Halliburton were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HAL. Franklin Resources Inc. lifted its stake in 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 purchasing an additional 189,324 shares during the last quarter. Nordea Investment Management AB boosted its position in Halliburton by 271.0% in the 4th 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 shares of Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after buying an additional 84,771 shares in the last quarter. KLCM Advisors Inc. increased its stake in shares of 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 lifted its stake in Halliburton by 10.9% in the first quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock worth $329,000 after acquiring an additional 819 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Halliburton

In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the transaction, the insider now owns 130,783 shares of the company’s stock, valued at $4,828,508.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s 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 transaction, the insider now directly owns 130,783 shares in the company, valued at approximately $4,828,508.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,287 shares of company stock worth $1,930,704. Insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $33.86 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market capitalization of $29.98 billion, a PE ratio of 11.63, a P/E/G ratio of 0.84 and a beta of 1.93. Halliburton has a fifty-two week low of $32.60 and a fifty-two week high of $43.85. The company has a fifty day moving average of $35.05 and a two-hundred day moving average of $36.17.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that Halliburton will post 3.37 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 2.01%. Halliburton’s dividend payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

HAL has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. TD Cowen boosted their price target on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their target price on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

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.