Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Halliburton (NYSE:HAL) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,007,710 shares of the oilfield services company’s stock after purchasing an additional 12,963 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.12% of Halliburton worth $49,247,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Calton & Associates Inc. acquired a new position in shares of Halliburton during the fourth quarter worth about $128,000. Cerebellum GP LLC acquired a new position in shares of Halliburton during the fourth quarter worth about $131,000. Icon Wealth Partners LLC acquired a new position in shares of Halliburton during the fourth quarter worth about $147,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Halliburton during the third quarter worth about $184,000. Finally, Nicolet Bankshares Inc. acquired a new position in shares of Halliburton during the fourth quarter worth about $193,000. Institutional investors own 80.39% of the company’s stock.
A number of equities analysts have recently commented on HAL shares. Piper Jaffray Companies set a $52.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 14th. Wells Fargo & Co reissued an “outperform” rating and set a $56.00 price objective (up from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Royal Bank of Canada set a $60.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Jefferies Group set a $57.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.09.
Shares of Halliburton (NYSE:HAL) opened at $46.92 on Tuesday. The firm has a market capitalization of $41,112.02, a P/E ratio of 38.52, a PEG ratio of 2.30 and a beta of 1.07. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The company’s revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 earnings per share. sell-side analysts predict that Halliburton will post 2.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, March 6th. Halliburton’s payout ratio is currently -135.85%.
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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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