AMP Capital Investors Ltd lowered its position in Halliburton (NYSE:HAL) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 283,870 shares of the oilfield services company’s stock after selling 35,778 shares during the period. AMP Capital Investors Ltd’s holdings in Halliburton were worth $13,872,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Sanders Capital LLC acquired a new position in shares of Halliburton during the 4th quarter valued at $163,920,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Halliburton during the 4th quarter valued at $118,644,000. BlackRock Inc. lifted its position in shares of Halliburton by 3.9% during 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 acquiring an additional 2,421,658 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Halliburton during the 4th quarter valued at $105,979,000. Finally, Mackenzie Financial Corp lifted its position in shares of Halliburton by 409.5% during 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 acquiring an additional 1,770,781 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.
In other news, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction on 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 owns 60,839 shares in the company, valued at approximately $3,137,467.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Allen Miller sold 29,025 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,922 shares of company stock valued at $6,706,509. Company insiders own 0.47% of the company’s stock.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue was up 47.7% compared to the same quarter last year. research analysts expect that Halliburton will post 2.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. Halliburton’s payout ratio is 194.59%.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, March 6th. Bank of America downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Monday, February 26th. Atlantic Securities upgraded shares of Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Barclays set a $66.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.09.
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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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