Metropolitan Life Insurance Co. NY decreased its position in Halliburton (NYSE:HAL) by 63.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,851 shares of the oilfield services company’s stock after selling 275,269 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Halliburton were worth $7,910,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Madison Investment Holdings Inc. purchased a new position in shares of Halliburton during the 4th quarter worth approximately $4,875,000. Brown Advisory Inc. boosted its position in shares of Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after purchasing an additional 8,362 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after purchasing an additional 50,932 shares during the period. Check Capital Management Inc. CA boosted its position in shares of Halliburton by 94.3% during the 3rd quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock worth $631,000 after purchasing an additional 6,651 shares during the period. Finally, Janney Capital Management LLC boosted its position in shares of Halliburton by 19.0% during the 3rd quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock worth $14,357,000 after purchasing an additional 49,872 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Anne L. Beaty sold 1,245 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $51.50, for a total value of $64,117.50. Following the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,133,208.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Insiders sold a total of 125,922 shares of company stock worth $6,706,509 over the last 90 days. Company insiders own 0.46% of the company’s stock.
HAL has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $52.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 14th. Wells Fargo reaffirmed an “outperform” rating and set a $56.00 price objective (up previously from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Royal Bank of Canada set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Jefferies Group set a $57.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $58.83.
Shares of Halliburton (HAL) opened at $45.91 on Friday. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The firm has a market cap of $39,624.67, a price-to-earnings ratio of -86.62, a PEG ratio of 2.22 and a beta of 1.07. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period last year, the business earned $0.04 EPS. The company’s revenue was up 47.7% on a year-over-year basis. sell-side analysts anticipate that Halliburton will post 2.54 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 issued a $0.18 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.57%. Halliburton’s payout ratio is -135.85%.
ILLEGAL ACTIVITY NOTICE: “Metropolitan Life Insurance Co. NY Has $7.91 Million Stake in Halliburton (HAL)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/03/17/metropolitan-life-insurance-co-ny-has-7-91-million-stake-in-halliburton-hal.html.
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.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.