Axxcess Wealth Management LLC Takes $268,000 Position in Halliburton (NYSE:HAL)

Axxcess Wealth Management LLC acquired a new position in shares of Halliburton (NYSE:HAL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 7,400 shares of the oilfield services company’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ancora Advisors LLC boosted its position in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $37,000. Stone House Investment Management LLC acquired a new position in Halliburton in the 4th quarter valued at about $38,000. Finally, Farmers & Merchants Investments Inc. raised its holdings 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 valued at $50,000 after acquiring an additional 296 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAL has been the topic of several research reports. Jefferies Financial Group upped their target price on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group lifted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Wells Fargo & Company decreased their target price on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Barclays dropped their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.59.

Insider Activity

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 434,287 shares of company stock valued at $15,415,304. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Up 1.2 %

NYSE:HAL opened at $37.48 on Friday. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The company has a market cap of $33.18 billion, a PE ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. The firm’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $37.07.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, research analysts anticipate that Halliburton will post 3.39 earnings per share for the current year.

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.