Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Halliburton Company (NYSE:HAL) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 240,098 shares of the oilfield services company’s stock after purchasing an additional 11,285 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Halliburton were worth $11,052,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Pictet North America Advisors SA bought a new stake in shares of Halliburton in the 1st quarter worth about $1,225,000. Fifth Third Bancorp grew its position in shares of Halliburton by 1,353.0% during the 1st quarter. Fifth Third Bancorp now owns 168,011 shares of the oilfield services company’s stock valued at $8,268,000 after buying an additional 156,448 shares during the last quarter. Cleararc Capital Inc. grew its position in shares of Halliburton by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 21,182 shares of the oilfield services company’s stock valued at $1,042,000 after buying an additional 176 shares during the last quarter. Mitchell Group Inc. grew its position in shares of Halliburton by 7.3% during the 1st quarter. Mitchell Group Inc. now owns 532,890 shares of the oilfield services company’s stock valued at $26,224,000 after buying an additional 36,430 shares during the last quarter. Finally, Foresters Investment Management Company Inc. grew its position in shares of Halliburton by 39.2% during the 1st quarter. Foresters Investment Management Company Inc. now owns 57,204 shares of the oilfield services company’s stock valued at $2,815,000 after buying an additional 16,104 shares during the last quarter. 79.94% of the stock is owned by institutional investors.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
HAL has been the subject of a number of recent research reports. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $56.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Halliburton in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given 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 $57.55.
Halliburton Company (HAL) traded down $0.90 during trading on Tuesday, reaching $43.31. 3,006,497 shares of the company’s stock traded hands, compared to its average volume of 8,790,697. The firm has a market cap of $38,897.88, a price-to-earnings ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion for 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 company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. research analysts expect that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.66%. Halliburton’s dividend payout ratio is presently 300.01%.
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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