BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Halliburton (NYSE:HAL) by 28.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,126 shares of the oilfield services company’s stock after selling 79,592 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Halliburton were worth $8,030,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Halliburton by 0.5% during the third quarter. BlackRock Inc. now owns 57,999,184 shares of the oilfield services company’s stock worth $2,350,708,000 after buying an additional 313,663 shares in the last quarter. Sanders Capital LLC grew its holdings in Halliburton by 24.8% during the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock worth $883,006,000 after buying an additional 3,932,014 shares in the last quarter. Franklin Resources Inc. grew its holdings in Halliburton by 644.7% during the third quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock worth $604,991,000 after buying an additional 12,922,480 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Halliburton by 3.8% during the second quarter. Macquarie Group Ltd. now owns 14,579,725 shares of the oilfield services company’s stock worth $656,962,000 after buying an additional 531,196 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Halliburton by 0.5% during the second quarter. Northern Trust Corp now owns 10,303,279 shares of the oilfield services company’s stock worth $464,265,000 after buying an additional 53,426 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
In other news, VP Anne L. Beaty sold 7,200 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $32.33, for a total transaction of $232,776.00. Following the transaction, the vice president now owns 62,196 shares of the company’s stock, valued at approximately $2,010,796.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction on 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. Insiders have sold a total of 24,399 shares of company stock worth $924,648 in the last ninety days. Insiders own 0.54% of the company’s stock.
Shares of NYSE:HAL opened at $29.68 on Friday. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. 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 1 year low of $29.24 and a 1 year high of $57.86.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, equities analysts forecast that Halliburton will post 1.86 EPS for the current fiscal year.
The company also recently declared 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 2.43%. Halliburton’s dividend payout ratio is presently 59.02%.
Several brokerages recently issued reports on HAL. Barclays set a $52.00 price target on Halliburton and gave the stock a “buy” rating in a report on Wednesday, October 10th. ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Wells Fargo & Co decreased their price target on Halliburton from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, October 3rd. Wolfe Research began coverage on Halliburton in a report on Wednesday, October 10th. They set an “outperform” rating for the company. Finally, HSBC decreased their price target on Halliburton to $51.00 and set a “buy” rating for the company in a report on Monday, October 8th. One 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 issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $51.24.
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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