Insight 2811 Inc. Makes New Investment in Halliburton (NYSE:HAL)

Insight 2811 Inc. bought a new position in Halliburton (NYSE:HAL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,433 shares of the oilfield services company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAL. Ellis Investment Partners LLC bought a new position in shares of Halliburton in the first quarter worth about $25,000. SevenBridge Financial Group LLC raised its stake in shares of Halliburton by 387.5% in the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after buying an additional 775 shares during the period. Essex Savings Bank bought a new position in shares of Halliburton in the fourth quarter worth about $27,000. Paragon Capital Management LLC bought a new position in shares of Halliburton in the first quarter worth about $29,000. Finally, American Research & Management Co. bought a new position in shares of Halliburton in the first quarter worth about $29,000. 77.37% of the stock is owned by institutional investors and hedge funds.

NYSE HAL traded up $0.21 on Monday, reaching $22.95. 11,585,750 shares of the stock traded hands, compared to its average volume of 10,922,719. The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $22.85. The company has a market cap of $19.87 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30. Halliburton has a 12 month low of $20.98 and a 12 month high of $47.03.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 22nd. The oilfield services company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts anticipate that Halliburton will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.72 annualized dividend and a yield of 3.14%. Halliburton’s payout ratio is presently 37.89%.

HAL has been the topic of several recent analyst reports. Bank of America reissued a “buy” rating and set a $32.00 target price (down previously from $42.00) on shares of Halliburton in a research note on Tuesday, June 25th. Edward Jones downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. Morgan Stanley set a $40.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Barclays reduced their price objective on Halliburton from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, SunTrust Banks reduced their price objective on Halliburton to $39.00 and set an “average” rating on the stock in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.74.

About Halliburton

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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