Capital Analysts LLC raised its stake in shares of Halliburton Company (NYSE:HAL) by 1,141.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,465 shares of the oilfield services company’s stock after buying an additional 47,320 shares during the period. Capital Analysts LLC’s holdings in Halliburton were worth $3,830,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Calton & Associates Inc. bought a new position in Halliburton during the fourth quarter valued at about $128,000. Cerebellum GP LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $131,000. YorkBridge Wealth Partners LLC grew its position 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 valued at $146,000 after purchasing an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Halliburton in the third quarter valued at about $184,000. Finally, Nicolet Bankshares Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at about $193,000. Institutional investors own 80.61% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) opened at $46.55 on Thursday. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $57.86. The firm has a market capitalization of $41,260.75, a PE ratio of 38.66, a P/E/G ratio of 2.28 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 (NYSE:HAL) last released its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period last year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. analysts anticipate that Halliburton Company will post 2.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently -135.85%.
Several equities research analysts have recently issued reports on HAL shares. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Halliburton in a research report on Wednesday, October 25th. Citigroup lowered their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a research report on Monday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $56.00 price target (up from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $59.59.
In other Halliburton news, VP Anne L. Beaty sold 2,937 shares of Halliburton 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 sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 164,507 shares of company stock worth $8,380,429. 0.46% of the stock is owned by company 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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