Capital Bank & Trust Co lifted its position in shares of Halliburton Company (NYSE:HAL) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,484 shares of the oilfield services company’s stock after purchasing an additional 2,924 shares during the quarter. Capital Bank & Trust Co’s holdings in Halliburton were worth $13,187,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in HAL. Ledyard National Bank boosted its stake in Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Estabrook Capital Management boosted its stake in Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Halliburton by 4.1% in 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 buying an additional 167 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors.
HAL has been the topic of several recent analyst reports. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group set a $56.00 price target on Halliburton and gave the company a “buy” rating in a research note on Monday, August 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Halliburton in a research note on Wednesday, September 6th. J P Morgan Chase & Co decreased their price target on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Finally, FBR & Co decreased their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and an average target price of $57.55.
Halliburton Company (HAL) traded up $1.08 during mid-day trading on Monday, hitting $45.07. The stock had a trading volume of 864,062 shares, compared to its average volume of 8,773,568. The company has a market capitalization of $38,383.08, a P/E ratio of 60.26, a P/E/G ratio of 4.75 and a beta of 1.03. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. 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 (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. analysts predict that Halliburton Company will post 1.16 EPS for the current year.
The company 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. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. Halliburton’s payout ratio is currently 300.01%.
In related news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was 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 in the company, valued at $21,419,249.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James S. Brown sold 29,485 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 129,646 shares of the company’s stock, valued at approximately $5,705,720.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,585 shares of company stock valued at $3,858,920. 0.47% of the stock is currently owned by corporate insiders.
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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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