Adell Harriman & Carpenter Inc. trimmed its stake in Halliburton Company (NYSE:HAL) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,141 shares of the oilfield services company’s stock after selling 2,950 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Halliburton were worth $1,019,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of HAL. BlackRock Inc. increased its position in shares of Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after purchasing an additional 50,022,982 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Halliburton by 107.8% in the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after purchasing an additional 8,105,286 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Halliburton by 35.1% in the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after purchasing an additional 3,844,946 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of Halliburton by 7,314.7% in the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after purchasing an additional 3,700,084 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Halliburton by 3,294.9% during the second quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after acquiring an additional 3,672,887 shares during the last quarter. Institutional investors own 79.94% of the company’s stock.
A number of research analysts have commented on HAL shares. Jefferies Group LLC 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. Scotiabank set a $52.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 25th. UBS AG reiterated a “buy” rating and set a $62.00 price target (down from $70.00) on shares of Halliburton in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Finally, Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and increased their price target for the company from $43.00 to $50.00 in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.55.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s 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 transaction, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.
Halliburton Company (HAL) traded down $0.37 on Tuesday, reaching $44.21. The company’s stock had a trading volume of 5,350,400 shares, compared to its average volume of 8,790,697. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The company has a market capitalization of $38,897.88, a P/E ratio of 61.07, a price-to-earnings-growth ratio of 4.82 and a beta of 1.05. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings data 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. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the company earned $0.01 earnings per share. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. sell-side analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Halliburton’s payout ratio is presently 300.01%.
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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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