National Pension Service increased its stake in Halliburton Company (NYSE:HAL – Free Report) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,520,820 shares of the oilfield services company’s stock after acquiring an additional 46,685 shares during the period. National Pension Service’s holdings in Halliburton were worth $42,978,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Halliburton by 7.5% in the first 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 last quarter. Woodline Partners LP increased its stake in Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after purchasing an additional 20,583 shares during the period. Focus Partners Wealth increased its stake in Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after purchasing an additional 10,408 shares during the period. Intech Investment Management LLC increased its stake in Halliburton by 309.1% in the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after purchasing an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Halliburton in the first quarter worth $895,000. 85.23% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total transaction of $255,535.00. Following the transaction, the director owned 15,250 shares in the company, valued at approximately $636,230. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 1,013,027 shares in the company, valued at approximately $40,521,080. This represents a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 420,837 shares of company stock valued at $16,979,135. Company insiders own 0.57% of the company’s stock.
Halliburton Stock Performance
Halliburton (NYSE:HAL – Get 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 firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities research analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Citigroup increased their target price on Halliburton from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, April 10th. Wall Street Zen lowered Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. increased their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets increased their target price on Halliburton from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Eighteen 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.05.
Check Out Our Latest Stock Report on HAL
Halliburton Profile
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.
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