Canada Post Corp Registered Pension Plan Has $1.85 Million Holdings in Halliburton Company $HAL

Canada Post Corp Registered Pension Plan boosted its stake in shares of Halliburton Company (NYSE:HALFree Report) by 286.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,406 shares of the oilfield services company’s stock after purchasing an additional 48,470 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Halliburton were worth $1,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after buying an additional 6,507 shares during the period. Woodline Partners LP raised its holdings in Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after buying an additional 20,583 shares during the period. Focus Partners Wealth grew its stake in Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after acquiring an additional 10,408 shares in the last quarter. Intech Investment Management LLC grew its stake in Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after acquiring an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Halliburton during the 1st quarter valued at about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Zephirin Group lifted their target price on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a research note on Wednesday, April 22nd. Capital One Financial lifted their target price on Halliburton from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wall Street Zen cut Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Finally, Royal Bank Of Canada lifted their target price on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $42.45.

View Our Latest Analysis on HAL

Halliburton Trading Down 0.1%

Shares of NYSE HAL opened at $41.71 on Monday. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.83 and a beta of 0.73. The business has a 50 day simple moving average of $38.24 and a 200 day simple moving average of $33.16. Halliburton Company has a 52 week low of $19.38 and a 52 week high of $42.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08.

Halliburton (NYSE:HALGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. On average, research analysts predict that Halliburton Company will post 2.32 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Halliburton’s payout ratio is presently 37.36%.

Insiders Place Their Bets

In related news, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director owned 15,250 shares of the company’s stock, valued at approximately $636,230. The trade was a 28.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the sale, the chief executive officer directly owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. The trade was a 13.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,488 shares of company stock worth $8,789,305 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Halliburton Company Profile

(Free Report)

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

See Also

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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