41,125 Halliburton Company $HAL Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. increased its position in Halliburton Company (NYSE:HAL – Free Report) by 62.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,116 shares of the oilfield services company’s stock after buying an additional 41,125 shares during the quarter. Machina Capital S.A.S.’s holdings in Halliburton were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Halliburton during the 2nd quarter worth approximately $2,812,327,000. State Street Corp increased its position in Halliburton by 4.5% in the 2nd quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock valued at $1,930,752,000 after acquiring an additional 2,463,137 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Halliburton in the 2nd quarter valued at approximately $345,941,000. Bank of New York Mellon Corp bought a new position in shares of Halliburton during the second quarter valued at $337,486,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Halliburton by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock valued at $370,556,000 after acquiring an additional 367,701 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAL. Jefferies Financial Group lifted their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. UBS Group decreased their price objective on Halliburton from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Wall Street Zen downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Evercore reaffirmed an “outperform” rating and set a $43.00 target price on shares of Halliburton in a research report on Wednesday, July 22nd. Finally, Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Read Our Latest Report on Halliburton

Insiders Place Their Bets

In other news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $32.94 on Thursday. The company has a market capitalization of $27.24 billion, a PE ratio of 13.78, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a 50 day simple moving average of $33.84 and a two-hundred day simple moving average of $35.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.02. Halliburton Company has a fifty-two week low of $24.92 and a fifty-two week high of $43.59.

Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts anticipate that Halliburton Company will post 2.33 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, December 2nd. Halliburton’s dividend payout ratio (DPR) is presently 28.45%.

About Halliburton

(Free Report)

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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