Man Group plc purchased a new position in Halliburton Company (NYSE:HAL – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 555,011 shares of the oilfield services company’s stock, valued at approximately $18,843,000. Man Group plc owned 0.07% of Halliburton as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Halliburton by 10.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after purchasing an additional 258 shares during the period. Vermillion Wealth Management Inc. raised its stake in Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after buying an additional 289 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after buying an additional 349 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Halliburton by 7.3% in the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after buying an additional 361 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock worth $293,000 after buying an additional 365 shares during the period. Institutional investors own 85.23% of the company’s stock.
Insider Buying and Selling at Halliburton
In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the sale, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. 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. 0.57% of the stock is owned by company insiders.
Halliburton Stock Performance
Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. Equities research analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton’s dividend payout ratio is currently 35.60%.
Analyst Ratings Changes
HAL has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen upgraded Halliburton from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Barclays reduced their price target on Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. Finally, Rothschild & Co Redburn raised their price objective on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.10.
Read Our Latest Stock Analysis on HAL
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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