Metropolitan Life Insurance Co. NY reduced its holdings in Halliburton (NYSE:HAL) by 63.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 161,851 shares of the oilfield services company’s stock after selling 275,269 shares during the quarter. 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. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Halliburton by 0.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 801,402 shares of the oilfield services company’s stock valued at $36,889,000 after buying an additional 4,870 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Halliburton by 0.8% during the third quarter. New York State Common Retirement Fund now owns 2,690,214 shares of the oilfield services company’s stock valued at $123,831,000 after purchasing an additional 20,200 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Halliburton by 3.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 69,497 shares of the oilfield services company’s stock valued at $3,199,000 after purchasing an additional 2,126 shares in the last quarter. Ninepoint Partners LP bought a new position in shares of Halliburton during the third quarter valued at about $433,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Halliburton by 9.1% during the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after purchasing an additional 1,427,985 shares in the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.
HAL traded down $0.68 during midday trading on Friday, hitting $47.00. 9,877,904 shares of the company traded hands, compared to its average volume of 8,161,040. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. The stock has a market capitalization of $41,120.77, a P/E ratio of 38.52, a P/E/G ratio of 2.33 and a beta of 1.06. Halliburton has a 52 week low of $38.18 and a 52 week high of $57.86.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the prior year, the business earned $0.04 EPS. The business’s quarterly revenue was up 47.7% on a year-over-year basis. research analysts forecast that Halliburton will post 2.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
In related 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 document filed with the Securities & Exchange Commission, which can be accessed 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 directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. Insiders sold a total of 103,856 shares of company stock worth $5,609,578 in the last quarter. Company insiders own 0.46% of the company’s stock.
A number of analysts recently issued reports on the stock. B. Riley raised their price objective on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $65.00 target price (up previously from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Piper Jaffray set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 14th. Sanford C. Bernstein set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $58.70.
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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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