WD Rutherford LLC Purchases 5,365 Shares of Halliburton (NYSE:HAL)

WD Rutherford LLC boosted its position in Halliburton (NYSE:HAL) by 8.4% in the first quarter, HoldingsChannel.com reports. The firm owned 69,350 shares of the oilfield services company’s stock after acquiring an additional 5,365 shares during the period. WD Rutherford LLC’s holdings in Halliburton were worth $2,734,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HAL. Norges Bank bought a new position in Halliburton in the fourth quarter worth about $400,070,000. Dimensional Fund Advisors LP increased its holdings in shares of Halliburton by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after acquiring an additional 1,568,485 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Halliburton by 18.3% during the fourth quarter. Wellington Management Group LLP now owns 6,217,704 shares of the oilfield services company’s stock valued at $224,770,000 after acquiring an additional 962,547 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Halliburton by 51.2% during the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock valued at $91,787,000 after acquiring an additional 859,440 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Halliburton by 1,507.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock valued at $34,520,000 after acquiring an additional 799,337 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,828,508.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,828,508.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred 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 owns 283,908 shares in the company, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,287 shares of company stock worth $1,930,704. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Halliburton stock traded up $0.17 during mid-day trading on Friday, hitting $33.78. The company had a trading volume of 19,130,644 shares, compared to its average volume of 9,605,074. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a 12-month low of $32.27 and a 12-month high of $43.85. The company’s fifty day moving average is $35.89 and its 200-day moving average is $36.33. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 0.85 and a beta of 1.93.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping 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 analyst estimates of $5.67 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Halliburton will post 3.39 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders 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 2.01%. Halliburton’s dividend payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HAL shares. Benchmark restated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, April 24th. Citigroup cut their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. TD Cowen upped their price objective on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their price objective on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Finally, UBS Group upped their target price on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.75.

About Halliburton

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.