Halliburton Company (HAL) Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its position in Halliburton Company (NYSE:HAL) by 86.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,715 shares of the oilfield services company’s stock after selling 146,860 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Halliburton were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HAL. WINTON GROUP Ltd purchased a new position in Halliburton in the 2nd quarter worth $242,000. Colorado Capital Management Inc. purchased a new position in Halliburton in the 3rd quarter worth $253,000. Arcadia Investment Management Corp MI raised its stake in Halliburton by 3.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 82,643 shares of the oilfield services company’s stock worth $3,804,000 after acquiring an additional 2,460 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Halliburton by 851.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,754,431 shares of the oilfield services company’s stock worth $80,756,000 after acquiring an additional 1,570,099 shares during the last quarter. Finally, Founders Capital Management raised its stake in Halliburton by 26.2% in the 3rd quarter. Founders Capital Management now owns 25,262 shares of the oilfield services company’s stock worth $1,163,000 after acquiring an additional 5,241 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Shares of Halliburton Company (HAL) opened at $47.50 on Friday. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. The company has a market capitalization of $41,558.22, a PE ratio of -89.62, a PEG ratio of 2.27 and a beta of 0.97.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 47.7% on a year-over-year basis. analysts predict that Halliburton Company will post 2.61 earnings per share for the current fiscal year.

In other news, Director Jeffrey Allen Miller sold 29,025 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $2,160,785.00. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 over the last 90 days. Insiders own 0.46% of the company’s stock.

HAL has been the subject of a number of research analyst reports. FBR & Co reduced their target price on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Cowen restated a “market perform” rating and issued a $50.00 target price on shares of Halliburton in a research note on Tuesday, October 24th. Loop Capital restated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. Finally, Citigroup reduced their target price on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $59.73.

ILLEGAL ACTIVITY NOTICE: “Halliburton Company (HAL) Shares Sold by Waratah Capital Advisors Ltd.” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://stocknewstimes.com/2018/02/18/halliburton-company-hal-shares-sold-by-waratah-capital-advisors-ltd.html.

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply