Mufg Securities Americas Inc. Acquires 3,688 Shares of Halliburton Company $HAL

Mufg Securities Americas Inc. boosted its holdings in Halliburton Company (NYSE:HAL) by 24.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,054 shares of the oilfield services company’s stock after buying an additional 3,688 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Halliburton were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HAL. Kingstone Capital Partners Texas LLC bought a new stake in Halliburton in the 2nd quarter worth approximately $287,000. V Square Quantitative Management LLC lifted its holdings in shares of Halliburton by 82.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after buying an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Halliburton by 42.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock worth $7,816,000 after buying an additional 91,791 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Halliburton by 29.7% in the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock worth $22,050,000 after acquiring an additional 248,015 shares during the period. Finally, Jump Financial LLC increased its position in Halliburton by 2,895.2% during the first quarter. Jump Financial LLC now owns 756,150 shares of the oilfield services company’s stock valued at $19,184,000 after acquiring an additional 730,905 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 0.4%

HAL opened at $25.72 on Tuesday. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 17.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The firm’s fifty day moving average is $25.13 and its 200 day moving average is $22.75. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, sell-side analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Insider Transactions at Halliburton

In other Halliburton news, insider Mark Richard sold 160,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This trade represents a 26.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HAL shares. Susquehanna boosted their price target on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Zacks Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Melius started coverage on shares of Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price for the company. BMO Capital Markets increased their price target on shares of Halliburton from $28.00 to $31.00 in a research report on Tuesday, November 11th. Finally, Citigroup reissued a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.