Viking Fund Management LLC grew its stake in shares of Halliburton (NYSE:HAL) by 19.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,000 shares of the oilfield services company’s stock after buying an additional 55,000 shares during the quarter. Halliburton makes up 2.4% of Viking Fund Management LLC’s holdings, making the stock its 8th biggest holding. Viking Fund Management LLC’s holdings in Halliburton were worth $9,816,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Halliburton by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,954,007 shares of the oilfield services company’s stock worth $79,196,000 after buying an additional 81,529 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Halliburton by 8.2% in the third quarter. LPL Financial LLC now owns 176,748 shares of the oilfield services company’s stock worth $7,164,000 after purchasing an additional 13,463 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in shares of Halliburton by 71.2% in the third quarter. BlueMountain Capital Management LLC now owns 103,966 shares of the oilfield services company’s stock worth $4,214,000 after purchasing an additional 43,246 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Halliburton by 43.7% in the third quarter. Pacer Advisors Inc. now owns 57,723 shares of the oilfield services company’s stock worth $2,340,000 after acquiring an additional 17,544 shares during the period. Finally, Vident Investment Advisory LLC lifted its stake in Halliburton by 17.5% in the third quarter. Vident Investment Advisory LLC now owns 14,248 shares of the oilfield services company’s stock worth $577,000 after acquiring an additional 2,120 shares during the period. 80.94% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Lance Loeffler sold 5,926 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following the transaction, the chief financial officer now owns 55,885 shares in the company, valued at $1,584,339.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.87 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that Halliburton will post 1.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. Halliburton’s dividend payout ratio (DPR) is currently 37.89%.
A number of research firms recently weighed in on HAL. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a research note on Sunday, January 6th. UBS Group set a $42.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 20th. Royal Bank of Canada set a $48.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Halliburton in a research note on Monday, December 31st. Finally, Piper Jaffray Companies set a $33.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a research note on Monday, December 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average target price of $45.38.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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