California State Teachers Retirement System raised its holdings in Halliburton (NYSE:HAL) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,542,547 shares of the oilfield services company’s stock after buying an additional 15,253 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Halliburton worth $75,384,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Sanders Capital LLC purchased a new stake in Halliburton in the 4th quarter valued at about $163,920,000. Beutel Goodman & Co Ltd. purchased a new stake in Halliburton in the 4th quarter valued at about $118,644,000. BlackRock Inc. lifted its stake in shares of Halliburton by 3.9% in the 4th quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock valued at $3,119,761,000 after purchasing an additional 2,421,658 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Halliburton in the 4th quarter valued at about $105,979,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Halliburton by 409.5% in the 4th quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock valued at $107,670,000 after purchasing an additional 1,770,781 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.
In other Halliburton news, insider Timothy Mckeon sold 1,609 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total value of $78,824.91. Following the transaction, the insider now directly owns 18,612 shares of the company’s stock, valued at approximately $911,801.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robb L. Voyles sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $48.85, for a total value of $244,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,922 shares of company stock worth $6,706,509. 0.47% of the stock is currently owned by corporate insiders.
Halliburton (NYSE:HAL) opened at $46.92 on Tuesday. The company has a market capitalization of $41,050.00, a P/E ratio of 126.81, a P/E/G ratio of 2.30 and a beta of 1.06. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period in the previous year, the company posted $0.04 EPS. Halliburton’s revenue for the quarter was up 47.7% on a year-over-year basis. analysts predict that Halliburton will post 2.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s payout ratio is 194.59%.
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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