Bright Rock Capital Management LLC purchased a new stake in shares of Halliburton Company (NYSE:HAL) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 85,000 shares of the oilfield services company’s stock, valued at approximately $4,154,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Standard Life Investments LTD lifted its stake in Halliburton by 9.7% in the second quarter. Standard Life Investments LTD now owns 7,395,844 shares of the oilfield services company’s stock worth $315,913,000 after purchasing an additional 656,533 shares during the last quarter. CI Investments Inc. lifted its stake in Halliburton by 2.5% in the second quarter. CI Investments Inc. now owns 1,315,750 shares of the oilfield services company’s stock worth $56,196,000 after purchasing an additional 31,700 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Halliburton by 17.3% during the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after acquiring an additional 8,362 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Halliburton by 6.0% during the second quarter. New York State Common Retirement Fund now owns 2,670,014 shares of the oilfield services company’s stock valued at $114,036,000 after acquiring an additional 150,671 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Halliburton by 17.4% during the second quarter. Suntrust Banks Inc. now owns 131,829 shares of the oilfield services company’s stock valued at $5,629,000 after acquiring an additional 19,498 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.
In other Halliburton news, 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 completion of the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Carre sold 28,024 shares of Halliburton stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the completion of the transaction, the executive vice president now directly owns 173,767 shares of the company’s stock, valued at $8,985,491.57. The disclosure for this sale can be found here. Insiders have sold 141,612 shares of company stock valued at $6,556,433 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.
Several equities analysts have recently commented on HAL shares. Citigroup lowered their price objective on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and set a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. Loop Capital reiterated a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Deutsche Bank started coverage on shares of Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price target on the stock. Finally, FBR & Co reduced their price target on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.68.
Halliburton Company (NYSE:HAL) traded up $0.36 on Thursday, reaching $52.47. 9,714,200 shares of the company’s stock traded hands, compared to its average volume of 9,017,771. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $58.78. The company has a market capitalization of $46,580.00, a P/E ratio of 218.63, a PEG ratio of 3.00 and a beta of 1.03.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. research analysts expect that Halliburton Company will post 1.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.37%. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.
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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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