Heritage Investors Management Corp lessened its stake in Halliburton (NYSE:HAL) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,023 shares of the oilfield services company’s stock after selling 11,038 shares during the quarter. Heritage Investors Management Corp’s holdings in Halliburton were worth $4,112,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Halliburton by 0.3% during the second quarter. Vanguard Group Inc. now owns 66,260,319 shares of the oilfield services company’s stock worth $1,506,759,000 after purchasing an additional 210,596 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Halliburton by 8.3% during the second quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock worth $1,456,428,000 after purchasing an additional 4,911,686 shares during the last quarter. State Street Corp grew its holdings in shares of Halliburton by 1.4% during the third quarter. State Street Corp now owns 41,676,516 shares of the oilfield services company’s stock worth $785,602,000 after purchasing an additional 586,353 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Halliburton by 21.0% during the second quarter. Macquarie Group Ltd. now owns 28,178,590 shares of the oilfield services company’s stock worth $640,781,000 after purchasing an additional 4,887,699 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Halliburton by 43.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,108,725 shares of the oilfield services company’s stock worth $184,392,000 after purchasing an additional 2,443,038 shares during the last quarter. 77.84% of the stock is owned by institutional investors and hedge funds.
HAL has been the topic of several research reports. Argus cut Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Scotiabank upgraded Halliburton from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 6th. Sanford C. Bernstein initiated coverage on Halliburton in a report on Monday. They set a “market perform” rating and a $15.90 price target on the stock. BMO Capital Markets cut Halliburton from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their price target on Halliburton from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.32.
Shares of HAL stock opened at $23.94 on Wednesday. The business’s 50 day simple moving average is $23.56 and its 200 day simple moving average is $21.18. Halliburton has a one year low of $16.97 and a one year high of $32.71. The stock has a market capitalization of $21.14 billion, a PE ratio of 12.60, a PEG ratio of 4.41 and a beta of 1.53. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.39 and a quick ratio of 1.67.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 21st. The oilfield services company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Halliburton had a return on equity of 12.03% and a net margin of 5.12%. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was down 10.1% on a year-over-year basis. As a group, research analysts expect that Halliburton will post 1.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is presently 37.89%.
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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