Epoch Investment Partners Inc. trimmed its position in shares of Halliburton (NYSE:HAL) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 678,850 shares of the oilfield services company’s stock after selling 31,289 shares during the period. Epoch Investment Partners Inc. owned about 0.08% of Halliburton worth $27,514,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Ardsley Advisory Partners purchased a new stake in Halliburton in the 2nd quarter valued at about $4,957,000. Canada Pension Plan Investment Board boosted its position in Halliburton by 10.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock valued at $27,821,000 after buying an additional 56,586 shares during the period. Tower Research Capital LLC TRC boosted its position in Halliburton by 1,183.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock valued at $686,000 after buying an additional 14,044 shares during the period. State of Alaska Department of Revenue boosted its position in Halliburton by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 145,421 shares of the oilfield services company’s stock valued at $5,893,000 after buying an additional 5,542 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Halliburton by 8.3% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 32,917 shares of the oilfield services company’s stock valued at $1,329,000 after buying an additional 2,513 shares during the period. Institutional investors own 78.29% of the company’s stock.
NYSE HAL opened at $29.68 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. The company has a market cap of $26.10 billion, a P/E ratio of 14.75, a PEG ratio of 0.87 and a beta of 1.06. Halliburton has a 52 week low of $29.24 and a 52 week high of $57.86.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, topping the 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 net margin of 0.70% and a return on equity of 20.42%. Halliburton’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Research analysts forecast 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. Investors of record on Thursday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
Several equities research analysts have issued reports on the stock. Citigroup set a $45.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Friday, November 30th. Societe Generale set a $42.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research report on Monday, October 22nd. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Bank of America reaffirmed a “buy” rating and issued a $48.00 price target (down previously from $52.00) on shares of Halliburton in a research report on Monday, December 3rd. Finally, UBS Group set a $50.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.24.
In related news, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 1,210 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,399 shares of company stock valued at $924,648. 0.54% of the stock is currently owned by company insiders.
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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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