Asset Management One Co. Ltd. raised its holdings in Halliburton Company (NYSE:HAL) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,392,454 shares of the oilfield services company’s stock after purchasing an additional 12,163 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Halliburton worth $64,074,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HAL. Ledyard National Bank lifted its stake in Halliburton by 6.5% in the 2nd 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. raised its holdings in Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares during the last quarter. Estabrook Capital Management raised its holdings in Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after acquiring an additional 1,250 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after acquiring an additional 2,243 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Halliburton in the 3rd quarter valued at about $184,000. 79.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Halliburton Company (HAL) traded up $0.30 during trading on Friday, hitting $48.87. 5,179,066 shares of the stock were exchanged, compared to its average volume of 8,321,567. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $42,379.31, a price-to-earnings ratio of 203.63, a price-to-earnings-growth ratio of 5.25 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.
A number of analysts have commented on HAL shares. Loop Capital reiterated a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a report on Wednesday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Cowen set a $50.00 target price on shares of Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.32.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James S. Brown sold 29,485 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the completion of the sale, the insider now directly owns 129,646 shares in the company, valued at approximately $5,705,720.46. The disclosure for this sale can be found here. Insiders sold 90,194 shares of company stock worth $3,937,745 in the last ninety days. 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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