BB&T Securities LLC lowered its position in Halliburton Company (NYSE:HAL) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,060 shares of the oilfield services company’s stock after selling 5,075 shares during the period. BB&T Securities LLC’s holdings in Halliburton were worth $2,350,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in HAL. Ledyard National Bank boosted its holdings in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after purchasing an additional 128 shares during the last quarter. Estabrook Capital Management raised its stake in shares of Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after purchasing an additional 1,250 shares during the last quarter. Financial Architects Inc raised its stake in shares of Halliburton by 176.5% in the second quarter. Financial Architects Inc now owns 3,321 shares of the oilfield services company’s stock worth $142,000 after purchasing an additional 2,120 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after purchasing an additional 2,243 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 stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the transaction, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the 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 directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
Several brokerages have recently commented on HAL. B. Riley reissued a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup lowered their price objective on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Scotiabank reissued a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. Finally, Loop Capital reissued a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.55.
Shares of Halliburton Company (NYSE HAL) traded up $0.83 on Tuesday, hitting $43.89. The company had a trading volume of 13,897,200 shares, compared to its average volume of 8,785,784. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $37,571.61, a P/E ratio of 58.99, a price-to-earnings-growth ratio of 4.65 and a beta of 1.03. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. Halliburton’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. sell-side analysts anticipate 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 issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is 300.01%.
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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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