Bourgeon Capital Management LLC Purchases New Position in Halliburton Company (HAL)

Bourgeon Capital Management LLC purchased a new stake in Halliburton Company (NYSE:HAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,502 shares of the oilfield services company’s stock, valued at approximately $220,000.

Several other large investors have also recently made changes to their positions in the business. Covington Capital Management increased its stake in shares of Halliburton by 0.8% in the second quarter. Covington Capital Management now owns 23,814 shares of the oilfield services company’s stock valued at $1,017,000 after purchasing an additional 185 shares during the period. National Asset Management Inc. increased its stake in shares of Halliburton by 7.9% during the second quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock valued at $227,000 after acquiring an additional 385 shares during the period. Scotia Capital Inc. increased its stake in shares of Halliburton by 1.7% during the second quarter. Scotia Capital Inc. now owns 23,633 shares of the oilfield services company’s stock valued at $1,009,000 after acquiring an additional 403 shares during the period. Weatherly Asset Management L. P. increased its stake in shares of Halliburton by 1.3% during the fourth quarter. Weatherly Asset Management L. P. now owns 88,924 shares of the oilfield services company’s stock valued at $4,346,000 after acquiring an additional 1,165 shares during the period. Finally, Krilogy Financial LLC increased its stake in shares of Halliburton by 35.9% during the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after acquiring an additional 1,212 shares during the period. Institutional investors own 80.38% of the company’s stock.

HAL has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, October 30th. FBR & Co lowered their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Deutsche Bank initiated coverage on shares of Halliburton in a research note on Tuesday, October 10th. They set a “buy” rating and a $54.00 price objective on the stock. Atlantic Securities upgraded shares of Halliburton from an “underweight” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $65.00 price objective (up previously from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus target price of $59.73.

In other Halliburton news, VP Anne L. Beaty sold 2,937 shares of Halliburton stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Insiders sold a total of 164,507 shares of company stock valued at $8,380,429 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Halliburton Company (NYSE:HAL) opened at $50.04 on Tuesday. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $57.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. The company has a market cap of $43,660.00, a P/E ratio of -98.12, a P/E/G ratio of 2.49 and a beta of 0.96.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter last year, the business posted $0.04 EPS. The company’s revenue was up 47.7% on a year-over-year basis. analysts forecast that Halliburton Company will post 2.62 earnings per share for the current fiscal 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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