Storgate LLC acquired a new position in shares of Halliburton Company (NYSE:HAL – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,049 shares of the oilfield services company’s stock, valued at approximately $595,000.
Other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Halliburton during the fourth quarter worth about $1,054,000. Impala Asset Management LLC bought a new position in Halliburton during the third quarter worth about $2,091,000. Cookson Peirce & Co. Inc. bought a new position in Halliburton during the third quarter worth about $1,010,000. Caprock Group LLC bought a new position in Halliburton during the third quarter worth about $1,579,000. Finally, QV Investors Inc. bought a new position in Halliburton during the fourth quarter worth about $3,195,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the sale, the director directly owned 15,250 shares in the company, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $42.00, for a total value of $363,510.00. Following the sale, the vice president owned 72,976 shares in the company, valued at $3,064,992. The trade was a 10.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 416,991 shares of company stock valued at $16,846,948. Corporate insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on HAL
Halliburton Stock Performance
Shares of Halliburton stock opened at $39.52 on Friday. The firm has a market cap of $33.02 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69. The stock’s 50-day moving average is $39.84 and its 200-day moving average is $35.03. Halliburton Company has a one year low of $20.09 and a one year high of $43.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54.
Halliburton (NYSE:HAL – Get Free Report) last issued 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 company 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 company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Equities analysts predict 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 issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.
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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