AMP Capital Investors Ltd cut its stake in Halliburton Company (NYSE:HAL) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 319,648 shares of the oilfield services company’s stock after selling 6,657 shares during the period. AMP Capital Investors Ltd’s holdings in Halliburton were worth $14,713,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HAL. Ledyard National Bank lifted its position in Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its position in Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Estabrook Capital Management lifted its position in Halliburton by 82.8% during the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Halliburton by 4.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after buying an additional 167 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Halliburton Company (NYSE HAL) opened at $43.99 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The stock has a market cap of $38,383.08, a price-to-earnings ratio of 60.26, a P/E/G ratio of 4.75 and a beta of 1.03. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share. analysts expect that Halliburton Company will post 1.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.64%. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.
HAL has been the topic of a number of recent research reports. ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group set a $56.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $53.00 target price on shares of Halliburton in a research report on Wednesday, September 6th. J P Morgan Chase & Co reduced their target price on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Finally, FBR & Co reduced their target price on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Halliburton presently has a consensus rating of “Buy” and a consensus target price of $57.55.
In related news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,585 shares of company stock valued at $3,858,920. 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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