Steward Partners Investment Advisory LLC Acquires Shares of 41,976 Halliburton Company (NYSE:HAL)

Steward Partners Investment Advisory LLC bought a new stake in shares of Halliburton Company (NYSE:HAL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,976 shares of the oilfield services company’s stock, valued at approximately $1,932,000.

Several other institutional investors have also made changes to their positions in the company. Eastern Bank raised its holdings in shares of Halliburton by 1.2% during the second quarter. Eastern Bank now owns 265,012 shares of the oilfield services company’s stock valued at $11,319,000 after buying an additional 3,164 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Halliburton by 4.4% during the second quarter. Sumitomo Life Insurance Co. now owns 28,090 shares of the oilfield services company’s stock valued at $1,200,000 after buying an additional 1,184 shares during the last quarter. NGAM Advisors L.P. raised its holdings in shares of Halliburton by 0.4% during the second quarter. NGAM Advisors L.P. now owns 396,030 shares of the oilfield services company’s stock valued at $16,914,000 after buying an additional 1,550 shares during the last quarter. IBM Retirement Fund raised its holdings in shares of Halliburton by 121.4% during the second quarter. IBM Retirement Fund now owns 21,185 shares of the oilfield services company’s stock valued at $1,010,000 after buying an additional 11,618 shares during the last quarter. Finally, First Merchants Corp raised its holdings in shares of Halliburton by 5.3% during the second quarter. First Merchants Corp now owns 20,796 shares of the oilfield services company’s stock valued at $888,000 after buying an additional 1,039 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

Halliburton Company (NYSE:HAL) traded up $0.30 during midday trading on Friday, reaching $48.87. 5,179,066 shares of the company’s stock traded hands, compared to its average volume of 8,321,567. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. 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 stock has a market cap of $42,379.31, a PE ratio of 203.63, a price-to-earnings-growth ratio of 5.25 and a beta of 1.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. equities research analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.

In other news, insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now directly owns 18,612 shares in the company, valued at approximately $911,801.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction 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 transaction, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,194 shares of company stock worth $3,937,745. 0.46% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada set a $60.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Tuesday. Wells Fargo & Co reissued an “outperform” rating and set a $56.00 target price (up previously from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Citigroup boosted their target price on Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, B. Riley reissued a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $57.32.

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About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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