MUFG Americas Holdings Corp lifted its holdings in shares of Halliburton Company (NYSE:HAL) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,341 shares of the oilfield services company’s stock after acquiring an additional 3,501 shares during the period. MUFG Americas Holdings Corp’s holdings in Halliburton were worth $8,422,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Calton & Associates Inc. bought a new stake in Halliburton in the 4th quarter worth about $128,000. Cerebellum GP LLC bought a new stake in Halliburton in the 4th quarter worth about $131,000. YorkBridge Wealth Partners LLC grew its position 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 worth $146,000 after purchasing an additional 2,243 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Halliburton in the 3rd quarter worth about $184,000. Finally, Nicolet Bankshares Inc. bought a new stake in Halliburton in the 4th quarter worth about $193,000. 80.57% of the stock is owned by institutional investors.
In other Halliburton news, Director Jeffrey Allen Miller sold 29,025 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $1,596,375.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now owns 60,839 shares in the company, valued at $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.
Shares of Halliburton Company (HAL) opened at $47.40 on Thursday. The company has a market cap of $41,461.98, a P/E ratio of -90.32, a P/E/G ratio of 2.26 and a beta of 0.97. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $57.86.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. Halliburton’s revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. research analysts predict that Halliburton Company will post 2.62 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Barclays set a $66.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. B. Riley upped their price objective on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Cowen reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Halliburton in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.73.
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Halliburton Company Profile
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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