Thompson Siegel & Walmsley LLC lessened its holdings in Halliburton Company (NYSE:HAL – Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,793,168 shares of the oilfield services company’s stock after selling 507,975 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Halliburton were worth $50,675,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Coldstream Capital Management Inc. lifted its position in shares of Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after acquiring an additional 349 shares in the last quarter. Harbour Investments Inc. raised its stake in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after purchasing an additional 361 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Halliburton by 3.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock worth $293,000 after purchasing an additional 365 shares in the last quarter. Clearstead Trust LLC boosted its stake in Halliburton by 7.4% in the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after purchasing an additional 370 shares during the period. Finally, Fidelis Capital Partners LLC grew its holdings in Halliburton by 1.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 22,517 shares of the oilfield services company’s stock valued at $636,000 after buying an additional 371 shares in the last quarter. 85.23% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
HAL has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. BMO Capital Markets lifted their price target on shares of Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada increased their price target on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.05.
Halliburton Stock Performance
Halliburton stock opened at $38.76 on Monday. The company’s 50-day moving average price is $39.50 and its 200-day moving average price is $34.15. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The company has a market cap of $32.38 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. Halliburton Company has a twelve month low of $19.44 and a twelve month high of $43.59.
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 analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.
Halliburton Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.
Insider Transactions at Halliburton
In related news, VP Timothy Mckeon sold 8,655 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total value of $363,510.00. Following the completion of the sale, the vice president directly owned 72,976 shares in the company, valued at $3,064,992. This trade represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of Halliburton 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 directly owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 420,837 shares of company stock worth $16,979,135. 0.57% of the stock is currently owned by corporate insiders.
About Halliburton
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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