Eurizon Capital SGR S.p.A. Purchases New Stake in Halliburton Company $HAL

Eurizon Capital SGR S.p.A. purchased a new stake in Halliburton Company (NYSE:HALFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 143,616 shares of the oilfield services company’s stock, valued at approximately $4,064,000.

Several other hedge funds have also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac purchased a new position in Halliburton in the fourth quarter valued at approximately $950,000. National Pension Service raised its holdings in Halliburton by 3.2% in the fourth quarter. National Pension Service now owns 1,520,820 shares of the oilfield services company’s stock valued at $42,978,000 after buying an additional 46,685 shares during the period. Basepoint Wealth LLC purchased a new position in Halliburton in the fourth quarter valued at approximately $37,000. Rothschild Investment LLC raised its holdings in Halliburton by 8.9% in the fourth quarter. Rothschild Investment LLC now owns 12,529 shares of the oilfield services company’s stock valued at $354,000 after buying an additional 1,027 shares during the period. Finally, Baker Avenue Asset Management LP raised its holdings in Halliburton by 13.1% in the fourth quarter. Baker Avenue Asset Management LP now owns 40,626 shares of the oilfield services company’s stock valued at $1,148,000 after buying an additional 4,705 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the sale, the executive vice president owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. This trade represents a 57.57% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider directly owned 93,763 shares of the company’s stock, valued at $3,927,732.07. The trade was a 17.83% 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. In the last three months, insiders have sold 420,837 shares of company stock valued at $16,979,135. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of several research reports. Zephirin Group raised their price target on shares of Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Griffin Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, April 22nd. HSBC raised their price target on shares of Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada raised their price target on shares of Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets raised 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. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.05.

Read Our Latest Analysis on Halliburton

Halliburton Stock Up 1.5%

Shares of NYSE:HAL opened at $39.43 on Tuesday. Halliburton Company has a 52-week low of $19.52 and a 52-week high of $43.59. 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 capitalization of $32.94 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. The company has a 50 day moving average of $39.55 and a two-hundred day moving average of $34.23.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

About Halliburton

(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.

Further Reading

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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