Commonwealth Equity Services Inc decreased its holdings in shares of Halliburton Company (NYSE:HAL) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,924 shares of the oilfield services company’s stock after selling 7,253 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Halliburton were worth $5,658,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after buying an additional 50,022,982 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Halliburton by 107.8% during the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after buying an additional 8,105,286 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Halliburton by 35.1% during the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after buying an additional 3,844,946 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Halliburton by 7,314.7% during the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after buying an additional 3,700,084 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Halliburton by 3,294.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after purchasing an additional 3,672,887 shares during the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the sale, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,100 shares of company stock valued at $4,266,665. 0.47% of the stock is owned by company insiders.
Shares of Halliburton Company (HAL) traded up $0.83 during trading on Monday, hitting $43.89. The stock had a trading volume of 13,897,198 shares, compared to its average volume of 8,785,783. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The firm has a market capitalization of $38,300.00, a P/E ratio of 58.99, a PEG ratio of 4.65 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. analysts forecast that Halliburton Company will post 1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
Several equities analysts recently weighed in on HAL shares. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Citigroup increased their price target on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Finally, Deutsche Bank assumed 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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