Assenagon Asset Management S.A. Sells 393,796 Shares of Halliburton (HAL)

Assenagon Asset Management S.A. reduced its stake in Halliburton (NYSE:HAL) by 91.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,885 shares of the oilfield services company’s stock after selling 393,796 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Halliburton were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its stake in Halliburton by 1.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock worth $4,226,000 after buying an additional 1,105 shares in the last quarter. Trust Co. of Vermont increased its stake in Halliburton by 58.5% in the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after buying an additional 1,116 shares in the last quarter. GWM Advisors LLC increased its stake in Halliburton by 8.1% in the 2nd quarter. GWM Advisors LLC now owns 15,307 shares of the oilfield services company’s stock worth $681,000 after buying an additional 1,150 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Halliburton by 2.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,265 shares of the oilfield services company’s stock worth $2,805,000 after buying an additional 1,191 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC increased its stake in Halliburton by 1.1% in the 2nd quarter. Pillar Pacific Capital Management LLC now owns 116,530 shares of the oilfield services company’s stock worth $5,250,000 after buying an additional 1,230 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors.

HAL has been the subject of a number of analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 23rd. Royal Bank of Canada set a $56.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Monday, October 22nd. B. Riley set a $51.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Thursday, July 26th. Raymond James cut their price target on Halliburton from $59.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Tuesday, September 11th. Finally, Societe Generale set a $42.00 price target on Halliburton and gave the stock a “hold” rating in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $51.60.

Shares of Halliburton stock opened at $34.98 on Friday. The stock has a market cap of $31.34 billion, a PE ratio of 28.67, a PEG ratio of 0.96 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16. Halliburton has a twelve month low of $33.73 and a twelve month high of $57.86.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. Analysts anticipate that Halliburton will post 1.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. Halliburton’s payout ratio is 59.02%.

In other news, VP Anne L. Beaty sold 1,210 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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