Jones Financial Companies Lllp increased its holdings in Halliburton (NYSE:HAL) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,316 shares of the oilfield services company’s stock after buying an additional 9,104 shares during the quarter. Jones Financial Companies Lllp’s holdings in Halliburton were worth $5,392,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Calton & Associates Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $128,000. Cerebellum GP LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $131,000. Icon Wealth Partners LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $147,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Halliburton in the third quarter worth approximately $184,000. Finally, Nicolet Bankshares Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $193,000. 80.39% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on HAL shares. Jefferies Group set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays set a $66.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Cowen reiterated a “hold” rating and set a $60.00 price objective on shares of Halliburton in a research report on Tuesday, January 23rd. B. Riley lifted their price objective on shares of Halliburton from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Loop Capital reiterated a “buy” rating and set a $69.00 price objective (up previously from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.09.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. sell-side analysts predict that Halliburton will post 2.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently -135.85%.
In related news, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robb L. Voyles sold 39,287 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,922 shares of company stock valued at $6,706,509. 0.47% of the stock is owned by insiders.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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