HL Financial Services LLC increased its position in Halliburton (NYSE:HAL) by 3.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 40,217 shares of the oilfield services company’s stock after buying an additional 1,472 shares during the quarter. HL Financial Services LLC’s holdings in Halliburton were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC grew its holdings in Halliburton by 24.8% during the 3rd quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock valued at $883,006,000 after buying an additional 3,932,014 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in Halliburton during the 3rd quarter valued at approximately $73,310,000. Natixis grew its holdings in Halliburton by 79.6% during the 2nd quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after buying an additional 1,671,817 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Halliburton by 121.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,687,497 shares of the oilfield services company’s stock valued at $121,099,000 after buying an additional 1,475,332 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Halliburton by 25.2% during the 2nd quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock valued at $309,984,000 after buying an additional 1,385,703 shares in the last quarter. 79.62% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on HAL shares. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $52.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Royal Bank of Canada set a $54.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. BMO Capital Markets set a $54.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $55.00 price objective on shares of Halliburton in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.60.
In other news, VP Anne L. Beaty sold 1,210 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.
NYSE HAL opened at $34.98 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16. The company has a market cap of $31.90 billion, a PE ratio of 28.67, a PEG ratio of 0.98 and a beta of 1.07. Halliburton has a one year low of $33.73 and a one year high of $57.86.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, sell-side analysts expect that Halliburton will post 1.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. Halliburton’s dividend payout ratio is currently 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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