Jupiter Topco LLC Purchases Shares of 90,032 Halliburton Company $HAL

Jupiter Topco LLC acquired a new stake in shares of Halliburton Company (NYSE:HALFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 90,032 shares of the oilfield services company’s stock, valued at approximately $3,055,000.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after purchasing an additional 6,507 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after buying an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Halliburton during the 1st quarter worth $895,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Halliburton Stock Up 2.4%

Shares of Halliburton stock opened at $37.67 on Thursday. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. The stock has a market cap of $31.39 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.76. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $33.96 and a 200 day moving average price of $36.60.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. Equities research analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

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. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler raised Halliburton from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $43.00 in a research report on Tuesday, July 14th. Rothschild & Co Redburn boosted their price target on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. BMO Capital Markets set a $37.00 price target on Halliburton in a research note on Wednesday, July 22nd. Morgan Stanley cut their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Read Our Latest Stock Report on Halliburton

Halliburton Profile

(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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