Chevy Chase Trust Holdings Inc. raised its holdings in shares of Halliburton Company (NYSE:HAL) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,237 shares of the oilfield services company’s stock after acquiring an additional 7,443 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Halliburton worth $34,901,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Ledyard National Bank increased its holdings in Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. increased its holdings in Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares in the last quarter. Estabrook Capital Management increased its holdings in Halliburton by 82.8% during the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after acquiring an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Halliburton by 243.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after acquiring an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Halliburton by 4.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.
Several research firms have weighed in on HAL. B. Riley restated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. Loop Capital reiterated a “buy” rating and set a $57.00 price target (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Cowen set a $50.00 price target on shares of Halliburton and gave the stock a “hold” rating in a report on Friday, October 6th. One investment 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. The company currently has a consensus rating of “Buy” and an average target price of $57.55.
Shares of Halliburton Company (NYSE:HAL) opened at $43.99 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The stock has a market cap of $37,920.63, a P/E ratio of 59.53, a P/E/G ratio of 4.69 and a beta of 1.03.
Halliburton (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. 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. Investors of record on Thursday, December 7th will be given a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.64%. Halliburton’s dividend payout ratio is presently 300.01%.
In related news, insider James S. Brown sold 29,485 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total value of $1,297,634.85. Following the sale, the insider now directly owns 129,646 shares of the company’s stock, valued at $5,705,720.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the sale, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Insiders sold 88,585 shares of company stock worth $3,858,920 over the last three months. Corporate insiders own 0.46% of the company’s stock.
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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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