XTX Topco Ltd Increases Stake in Halliburton Company $HAL

XTX Topco Ltd lifted its position in shares of Halliburton Company (NYSE:HAL) by 128.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 269,954 shares of the oilfield services company’s stock after purchasing an additional 151,622 shares during the period. XTX Topco Ltd’s holdings in Halliburton were worth $5,502,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Discerene Group LP increased its position in shares of Halliburton by 24,122.6% in the second quarter. Discerene Group LP now owns 1,311,414 shares of the oilfield services company’s stock worth $26,727,000 after acquiring an additional 1,306,000 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Halliburton by 7.4% during the second quarter. Prudential Financial Inc. now owns 504,041 shares of the oilfield services company’s stock valued at $10,272,000 after purchasing an additional 34,782 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Halliburton by 38.7% in the second quarter. Coldstream Capital Management Inc. now owns 18,318 shares of the oilfield services company’s stock valued at $373,000 after purchasing an additional 5,111 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Halliburton by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock worth $617,269,000 after acquiring an additional 346,218 shares during the last quarter. Finally, Soundwatch Capital LLC acquired a new position in shares of Halliburton in the 2nd quarter valued at approximately $118,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Halliburton Stock Performance

Shares of HAL opened at $25.72 on Tuesday. The firm has a fifty day moving average of $25.13 and a 200-day moving average of $22.75. The company 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. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping 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 net margin of 5.91% and a return on equity of 20.12%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. As a group, equities analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

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

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Stifel Nicolaus set a $32.00 price target on shares of Halliburton in a report on Wednesday, October 22nd. BMO Capital Markets increased their target price on Halliburton from $28.00 to $31.00 in a report on Tuesday, November 11th. Rothschild & Co Redburn started coverage on shares of Halliburton in a research note on Monday, November 3rd. They set a “buy” rating and a $35.00 target price for the company. Zacks Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Melius Research started coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Halliburton presently 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.