Lafitte Capital Management LP acquired a new position in shares of Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 370,000 shares of the oilfield services company’s stock, valued at approximately $18,082,000. Halliburton comprises approximately 7.4% of Lafitte Capital Management LP’s holdings, making the stock its 5th biggest position.
Several other hedge funds have also made changes to their positions in the stock. 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 worth $3,119,761,000 after buying an additional 2,421,658 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Halliburton by 9.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock worth $784,822,000 after buying an additional 1,427,985 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Halliburton by 2.5% during the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock worth $733,325,000 after buying an additional 384,565 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Halliburton by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock worth $578,622,000 after buying an additional 500,982 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Halliburton by 1.5% during the 4th quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock worth $432,855,000 after buying an additional 130,567 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.
In related news, EVP Robb L. Voyles sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Allen Miller sold 29,025 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. Insiders have sold 125,922 shares of company stock valued at $6,706,509 in the last ninety days. 0.47% of the stock is currently owned by insiders.
Shares of Halliburton (NYSE:HAL) opened at $46.10 on Wednesday. The firm has a market capitalization of $41,050.77, a PE ratio of -86.98, a PEG ratio of 2.30 and a beta of 1.07. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. Halliburton has a one year low of $38.18 and a one year high of $57.86.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. sell-side analysts expect that Halliburton will post 2.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.56%. Halliburton’s dividend payout ratio is currently -135.85%.
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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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