QS Investors LLC lowered its holdings in Halliburton (NYSE:HAL) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 95,829 shares of the oilfield services company’s stock after selling 6,159 shares during the quarter. QS Investors LLC’s holdings in Halliburton were worth $4,683,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IFG Advisory LLC purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $253,000. Calton & Associates Inc. purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $128,000. Cerebellum GP LLC purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $131,000. Icon Wealth Partners LLC purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $147,000. Finally, Nicolet Bankshares Inc. purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $193,000. Institutional investors and hedge funds own 80.26% of the company’s stock.
In related news, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton stock in a transaction 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. Insiders have sold 103,856 shares of company stock worth $5,609,578 over the last quarter. 0.46% of the stock is owned by company insiders.
A number of research firms have recently commented on HAL. BMO Capital Markets set a $63.00 target price on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Loop Capital reaffirmed a “buy” rating and set a $69.00 price objective (up previously from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Jefferies Group set a $57.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, Sanford C. Bernstein set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average price target of $58.70.
Shares of HAL stock traded down $0.68 on Friday, reaching $47.00. The stock had a trading volume of 9,877,904 shares, compared to its average volume of 8,161,040. The company has a market cap of $41,715.70, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. Halliburton has a 1 year low of $38.18 and a 1 year high of $57.86. 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 released its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ 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 positive return on equity of 11.95% and a negative net margin of 2.25%. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. analysts expect that Halliburton will post 2.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.53%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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