MUFG Americas Holdings Corp increased its stake in shares of Halliburton Company (NYSE:HAL) by 2.1% during the 4th quarter, according to its most recent filing 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 quarter. MUFG Americas Holdings Corp’s holdings in Halliburton were worth $8,422,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. National Asset Management Inc. increased its stake in Halliburton by 7.9% in the second quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock valued at $227,000 after purchasing an additional 385 shares during the period. WINTON GROUP Ltd acquired a new position in Halliburton in the second quarter valued at $242,000. Cetera Investment Advisers acquired a new position in Halliburton in the second quarter valued at $435,000. Neville Rodie & Shaw Inc. acquired a new position in Halliburton in the third quarter valued at $202,000. Finally, Osborn Williams & Donohoe LLC acquired a new position in Halliburton in the third quarter valued at $212,000. Hedge funds and other institutional investors own 80.61% of the company’s stock.
Shares of Halliburton Company (HAL) traded up $0.88 during midday trading on Thursday, hitting $47.43. 5,135,561 shares of the company’s stock traded hands, compared to its average volume of 10,323,966. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $57.86. The stock has a market capitalization of $41,710.00, a P/E ratio of 129.38, a PEG ratio of 2.28 and a beta of 0.96. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. equities research analysts expect that Halliburton Company will post 2.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio is presently 194.59%.
A number of research analysts have commented on HAL shares. Jefferies Group set a $57.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, December 26th. Royal Bank of Canada set a $60.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 21st. Piper Jaffray Companies set a $52.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.59.
In other news, EVP Robb L. Voyles sold 39,287 shares of the business’s 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 $2,160,785.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. In the last three months, insiders sold 164,507 shares of company stock valued at $8,380,429. Company insiders own 0.46% of the company’s stock.
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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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