Wealth Enhancement Advisory Services LLC Purchases 9,181 Shares of Halliburton (NYSE:HAL)

Wealth Enhancement Advisory Services LLC increased its position in shares of Halliburton (NYSE:HAL) by 15.2% during the 1st quarter, Holdings Channel reports. The firm owned 69,658 shares of the oilfield services company’s stock after acquiring an additional 9,181 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Halliburton were worth $2,746,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. increased its stake in Halliburton by 27.2% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after buying an additional 296 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of Halliburton by 16.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,363 shares of the oilfield services company’s stock worth $85,000 after purchasing an additional 329 shares in the last quarter. Financial Partners Group LLC raised its stake in Halliburton by 2.4% during the 4th quarter. Financial Partners Group LLC now owns 15,351 shares of the oilfield services company’s stock valued at $555,000 after purchasing an additional 356 shares during the period. Fidelis Capital Partners LLC boosted its stake in Halliburton by 1.8% in the 4th quarter. Fidelis Capital Partners LLC now owns 20,256 shares of the oilfield services company’s stock worth $732,000 after purchasing an additional 359 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in shares of Halliburton by 1.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,760 shares of the oilfield services company’s stock valued at $895,000 after buying an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.5 %

Shares of HAL opened at $33.78 on Thursday. The company’s fifty day simple moving average is $35.69 and its 200-day simple moving average is $36.32. The company has a market cap of $29.91 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.86 and a beta of 1.93. 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 twelve month low of $32.35 and a twelve month high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data 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. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, analysts expect that Halliburton will post 3.37 EPS for the current year.

Halliburton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HAL shares. 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 report on Wednesday, April 24th. Jefferies Financial Group boosted their target price on Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Benchmark restated a “buy” rating and set a $45.00 price target on shares of Halliburton in a report on Wednesday, April 24th. UBS Group upped their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Citigroup cut their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

Insiders Place Their Bets

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

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.