Vaughan Nelson Investment Management L.P. raised its position in Halliburton Company (NYSE:HAL) by 24.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,536,294 shares of the oilfield services company’s stock after purchasing an additional 304,010 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.18% of Halliburton worth $70,715,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HAL. KBC Group NV boosted its stake in shares of Halliburton by 44.2% during the first quarter. KBC Group NV now owns 431,824 shares of the oilfield services company’s stock valued at $21,250,000 after acquiring an additional 132,352 shares during the last quarter. Ironsides Asset Advisors LLC acquired a new stake in Halliburton in the 1st quarter worth about $460,000. Stifel Financial Corp boosted its stake in Halliburton by 64.4% in the 1st quarter. Stifel Financial Corp now owns 718,828 shares of the oilfield services company’s stock worth $35,371,000 after buying an additional 281,493 shares during the last quarter. SG Americas Securities LLC boosted its stake in Halliburton by 114.2% in the 1st quarter. SG Americas Securities LLC now owns 87,069 shares of the oilfield services company’s stock worth $4,285,000 after buying an additional 698,243 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware boosted its stake in Halliburton by 13.8% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 623,690 shares of the oilfield services company’s stock worth $30,692,000 after buying an additional 75,469 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors.
Shares of Halliburton Company (HAL) opened at $44.58 on Friday. The stock has a market capitalization of $39,273.07, a price-to-earnings ratio of 61.66, a PEG ratio of 4.86 and a beta of 1.05. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. research analysts anticipate that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.
In other news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the transaction, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
A number of analysts have issued reports on HAL shares. BidaskClub raised Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a report on Thursday, July 20th. Finally, ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.55.
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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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