Smith Salley & Associates acquired a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,493 shares of the oilfield services company’s stock, valued at approximately $944,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Essex Savings Bank purchased a new stake in shares of Halliburton during the fourth quarter worth about $27,000. CX Institutional purchased a new stake in shares of Halliburton during the fourth quarter worth about $30,000. Capital Investment Advisory Services LLC purchased a new position in Halliburton during the 4th quarter valued at approximately $38,000. Ipswich Investment Management Co. Inc. purchased a new position in Halliburton during the 4th quarter valued at approximately $40,000. Finally, CKW Financial Group purchased a new position in Halliburton during the 4th quarter valued at approximately $40,000. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HAL stock opened at $29.51 on Monday. Halliburton has a 1-year low of $24.70 and a 1-year high of $54.91. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $26.02 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.87 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts forecast that Halliburton will post 1.4 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus set a $36.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Barclays set a $38.00 price target on Halliburton and gave the company a “buy” rating in a report on Wednesday, January 23rd. Royal Bank of Canada set a $48.00 price target on Halliburton and gave the company a “buy” rating in a report on Wednesday, January 23rd. Citigroup set a $39.00 price target on Halliburton and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, UBS Group set a $40.00 price target on Halliburton and gave the company a “buy” rating in a report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $45.65.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the business’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $28.50, for a total transaction of $37,050.00. Following the sale, the vice president now owns 58,848 shares in the company, valued at approximately $1,677,168. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 7,200 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $32.33, for a total value of $232,776.00. Following the sale, the vice president now owns 62,196 shares in the company, valued at approximately $2,010,796.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,577 shares of company stock worth $360,700. 0.54% of the stock is owned by company insiders.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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