Stifel Financial Corp reduced its holdings in Halliburton (NYSE:HAL) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,352 shares of the oilfield services company’s stock after selling 36,990 shares during the quarter. Stifel Financial Corp’s holdings in Halliburton were worth $17,216,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Halliburton by 2.9% in the 4th quarter. State Street Corp now owns 42,877,333 shares of the oilfield services company’s stock worth $1,049,208,000 after purchasing an additional 1,200,817 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Halliburton by 18.2% during the fourth quarter. Pzena Investment Management LLC now owns 31,566,930 shares of the oilfield services company’s stock valued at $772,443,000 after acquiring an additional 4,870,119 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,135,895 shares of the oilfield services company’s stock valued at $125,676,000 after acquiring an additional 146,250 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Halliburton by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,764,529 shares of the oilfield services company’s stock valued at $92,118,000 after acquiring an additional 18,581 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Halliburton by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 3,498,255 shares of the oilfield services company’s stock valued at $85,602,000 after acquiring an additional 210,146 shares during the period. Institutional investors and hedge funds own 80.47% of the company’s stock.
HAL stock traded up $0.73 during trading hours on Friday, hitting $7.15. The company’s stock had a trading volume of 43,874,064 shares, compared to its average volume of 23,968,858. The company has a quick ratio of 1.65, a current ratio of 2.30 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $5.65 billion, a PE ratio of -5.59, a price-to-earnings-growth ratio of 0.34 and a beta of 1.67. Halliburton has a 12 month low of $6.32 and a 12 month high of $32.30. The stock has a 50 day moving average price of $19.28 and a two-hundred day moving average price of $20.70.
Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, January 21st. The oilfield services company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.15 billion. Halliburton had a negative net margin of 5.05% and a positive return on equity of 11.74%. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts expect that Halliburton will post 1.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.07%. The ex-dividend date is Tuesday, March 3rd. Halliburton’s dividend payout ratio is 58.06%.
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co boosted their price target on shares of Halliburton from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Scotiabank upgraded shares of Halliburton from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 6th. TheStreet lowered shares of Halliburton from a “c-” rating to a “d+” rating in a report on Wednesday. Bank of America lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Bernstein Bank assumed coverage on shares of Halliburton in a report on Tuesday, January 14th. They set a “market perform” rating and a $15.90 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. Halliburton presently has a consensus rating of “Hold” and an average price target of $25.37.
In other Halliburton news, CFO Lance Loeffler sold 10,105 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $21.51, for a total value of $217,358.55. Following the completion of the sale, the chief financial officer now directly owns 83,559 shares of the company’s stock, valued at $1,797,354.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.
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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