Brandywine Global Investment Management LLC increased its holdings in shares of Halliburton (NYSE:HAL) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,648,760 shares of the oilfield services company’s stock after buying an additional 117,273 shares during the period. Brandywine Global Investment Management LLC owned 0.19% of Halliburton worth $43,825,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. SevenBridge Financial Group LLC increased its stake in Halliburton by 387.5% in the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock valued at $26,000 after purchasing an additional 775 shares in the last quarter. Essex Savings Bank bought a new stake in Halliburton in the fourth quarter valued at approximately $27,000. CX Institutional bought a new stake in Halliburton in the fourth quarter valued at approximately $30,000. Capital Investment Advisory Services LLC bought a new stake in Halliburton in the fourth quarter valued at approximately $38,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Halliburton in the fourth quarter valued at approximately $40,000. 80.25% of the stock is owned by institutional investors and hedge funds.
In related news, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction on Monday, January 7th. The shares were sold at an average price of $28.50, for a total transaction of $37,050.00. Following the completion of the transaction, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the transaction, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The disclosure for this sale can be found here. Insiders have sold 9,774 shares of company stock valued at $280,167 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.
Several brokerages have commented on HAL. Goldman Sachs Group began coverage on shares of Halliburton in a research note on Sunday, March 10th. They issued a “buy” rating and a $42.00 target price for the company. Stifel Nicolaus set a $36.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Bank of America reaffirmed a “buy” rating and issued a $48.00 target price (down previously from $52.00) on shares of Halliburton in a research note on Monday, December 3rd. Citigroup set a $39.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Royal Bank of Canada set a $48.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average price target of $45.50.
Halliburton stock opened at $27.97 on Friday. The company has a market capitalization of $24.41 billion, a PE ratio of 14.72, a P/E/G ratio of 1.73 and a beta of 1.18. Halliburton has a twelve month low of $24.70 and a twelve month high of $54.91. The company has a quick ratio of 1.69, a current ratio of 2.32 and a debt-to-equity ratio of 1.09.
Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.87 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Halliburton will post 1.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, March 5th. Halliburton’s payout ratio is 37.89%.
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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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