Calton & Associates Inc. purchased a new stake in shares of Halliburton Company (NYSE:HAL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,273 shares of the oilfield services company’s stock, valued at approximately $128,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after purchasing an additional 8,362 shares in the last quarter. Nippon Life Insurance Co. grew its holdings in Halliburton by 28.9% during the 3rd quarter. Nippon Life Insurance Co. now owns 45,551 shares of the oilfield services company’s stock valued at $2,097,000 after purchasing an additional 10,218 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock valued at $16,031,000 after purchasing an additional 50,932 shares in the last quarter. Check Capital Management Inc. CA grew its holdings in Halliburton by 94.3% during the 3rd quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock valued at $631,000 after purchasing an additional 6,651 shares in the last quarter. Finally, Janney Capital Management LLC grew its holdings in Halliburton by 19.0% during the 3rd quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock worth $14,357,000 after acquiring an additional 49,872 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on HAL shares. Loop Capital reissued a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. Jefferies Group set a $57.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, January 4th. Cowen reissued a “hold” rating and set a $60.00 price objective on shares of Halliburton in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average price target of $59.73.

In related news, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robb L. Voyles sold 5,000 shares of Halliburton stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $48.85, for a total transaction of $244,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,507 shares of company stock worth $8,380,429. Insiders own 0.47% of the company’s stock.

Halliburton Company (HAL) opened at $47.92 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $57.86. The stock has a market cap of $41,810.00, a PE ratio of -93.96, a PEG ratio of 2.23 and a beta of 0.96.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period last year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. research analysts anticipate that Halliburton Company will post 2.62 earnings per share for the current year.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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