Capital Investment Advisors LLC acquires shares of 6,823 Halliburton (NYSE: HAL)

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Capital Investment Advisors LLC acquired a new stake in shares of Halliburton (NYSE: HAL – Get Rating) in Q1, reports HoldingsChannel.com. The company acquired 6,823 shares of the oil services company, valued at approximately $258,000.

Other hedge funds and other institutional investors also changed their positions in the company. LPL Financial LLC increased its stake in Halliburton shares by 20.3% in Q3. LPL Financial LLC now owns 247,457 shares of the oil services company valued at $5,350,000 after purchasing an additional 41,799 shares during the period. Janus Henderson Group PLC increased its stake in Halliburton shares by 52.6% in Q3. Janus Henderson Group PLC now owns 691,443 shares of the oil services company valued at $14,949,000 after purchasing an additional 238,362 shares during the period. Cetera Investment Advisers increased its stake in Halliburton shares by 6.1% in Q3. Cetera Investment Advisers now owns 41,346 shares of the oil services company valued at $894,000 after purchasing an additional 2,368 shares during the period. Captrust Financial Advisors increased its stake in Halliburton shares by 4.6% in Q3. Captrust Financial Advisors now owns 21,845 shares of the oil services company valued at $472,000 after purchasing an additional 954 shares during the period. Finally, Colony Group LLC increased its stake in Halliburton shares by 6.2% in the third quarter. Colony Group LLC now owns 14,150 shares of the oil services company valued at $306,000 after purchasing an additional 825 shares during the period. Institutional investors and hedge funds hold 79.17% of the company’s shares.

Several equity research analysts have recently commented on the stock. Susquehanna Bancshares raised its price target on Halliburton shares from $45.00 to $48.00 in a Wednesday, April 20 report. Wells Fargo & Company raised its price target on Halliburton shares from $30.00 to $40.00 and gave the stock an “equal weight” rating in a Thursday, March 31 report. HSBC downgraded Halliburton’s shares from a “hold” rating to a “buy” rating and raised its price target for the stock from $36.60 to $41.60 in a Wednesday, April 27 report . Royal Bank of Canada raised its price target on Halliburton shares from $45.00 to $49.00 in a Wednesday, April 20 report. Finally, Stifel Nicolaus raised his price target on Halliburton shares from $32.00 to $42.00 in a Friday, April 8 report. Six analysts gave the stock a hold rating and fourteen gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.08.

Separately, CFO Lance Loeffler sold 27,912 shares in a trade dated Monday, April 18. The shares were sold at an average price of $42.00, for a total transaction of $1,172,304.00. Following the sale, the CFO now owns 135,681 shares of the company, valued at $5,698,602. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider Joe D. Rainey sold 20,000 shares in a trade dated Wednesday, June 8. The stock was sold at an average price of $42.73, for a total transaction of $854,600.00. Following the sale, the insider now directly owns 310,014 shares of the company, valued at approximately $13,246,898.22. The disclosure of this sale can be found here. Insiders sold 207,412 shares of the company worth $8,432,979 in the past ninety days. 0.57% of the shares are currently held by insiders.

NYSE HAL opened at $30.95 on Monday. The company’s 50-day moving average is $37.32 and its two-hundred-day moving average is $33.54. Halliburton has a 12-month low of $17.82 and a 12-month high of $43.99. The company has a debt ratio of 1.21, a current ratio of 2.19 and a quick ratio of 1.61. The stock has a market capitalization of $27.92 billion, a P/E ratio of 17.89 and a beta of 2.28.

Halliburton (NYSE:HAL – Get Rating) last released its results on Tuesday, April 19. The oil services company reported EPS of $0.35 for the quarter, meeting analysts’ consensus estimate of $0.35. Halliburton had a net margin of 9.61% and a return on equity of 17.83%. The company posted revenue of $4.28 billion for the quarter, versus $4.20 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.19. Halliburton’s revenue for the quarter increased 24.1% compared to the same quarter last year. As a group, analysts expect Halliburton to post 1.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 22. Shareholders of record on Wednesday, June 1 received a dividend of $0.12. The ex-dividend date was Tuesday, May 31. This represents a dividend of $0.48 on an annualized basis and a yield of 1.55%. Halliburton’s payout ratio is currently 27.75%.

About Halliburton (Get an assessment)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Appraisal. The Completion and Production segment offers production enhancement services that include sand stimulation and control services; cementing services, such as well cementing and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completions products and services, smart well completions and service tools, as well as coating suspension systems, well control sand and multilaterals; production solutions including coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance and decommissioning.

Further reading

Want to see what other hedge funds hold HAL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Halliburton (NYSE:HAL – Get Rating).

Institutional ownership by quarter for Halliburton (NYSE:HAL)



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