Global Retirement Partners LLC bought a new position in shares of Halliburton Company (NYSE:HAL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 43,547 shares of the oilfield services company’s stock, valued at approximately $1,478,000.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia lifted its position in Halliburton by 128.8% during the 1st quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company’s stock worth $89,077,000 after acquiring an additional 1,286,095 shares during the period. ABN Amro Investment Solutions purchased a new position in shares of Halliburton during the fourth quarter worth $827,000. K.J. Harrison & Partners Inc grew its position in Halliburton by 172.6% during the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company’s stock worth $3,109,000 after purchasing an additional 69,644 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Halliburton by 22.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,949 shares of the oilfield services company’s stock worth $10,568,000 after buying an additional 67,369 shares during the last quarter. Finally, Nwam LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $3,731,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Eric Carre sold 24,778 shares of the business’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 transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on HAL
Halliburton Stock Performance
NYSE:HAL opened at $34.81 on Tuesday. The company has a market cap of $29.00 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.15 and a beta of 0.73. Halliburton Company has a twelve month low of $20.78 and a twelve month high of $43.59. The company’s 50-day moving average price is $34.31 and its 200-day moving average price is $36.48. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64.
Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. Halliburton’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. On average, sell-side analysts forecast 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 was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is 35.60%.
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.
Read More
- Five stocks we like better than Halliburton
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.
