Tejara Capital Ltd Increases Stake in Halliburton Company $HAL

Tejara Capital Ltd raised its holdings in shares of Halliburton Company (NYSE:HAL) by 98.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,365 shares of the oilfield services company’s stock after acquiring an additional 66,765 shares during the quarter. Halliburton comprises approximately 1.7% of Tejara Capital Ltd’s portfolio, making the stock its 20th biggest holding. Tejara Capital Ltd’s holdings in Halliburton were worth $3,305,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HAL. Ritholtz Wealth Management bought a new position in Halliburton in the 3rd quarter valued at $1,775,000. Commerzbank Aktiengesellschaft FI bought a new stake in Halliburton during the second quarter valued at $2,595,000. Nordea Investment Management AB grew its position in Halliburton by 7.5% during the second quarter. Nordea Investment Management AB now owns 539,079 shares of the oilfield services company’s stock worth $11,132,000 after buying an additional 37,512 shares in the last quarter. Allegiance Financial Group Advisory Services LLC bought a new position in Halliburton in the 2nd quarter worth about $225,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Halliburton by 8.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 892,748 shares of the oilfield services company’s stock valued at $18,194,000 after acquiring an additional 68,199 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, CEO Jeffrey Allen Miller sold 171,200 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the sale, the chief executive officer directly owned 1,101,243 shares of the company’s stock, valued at $38,499,455.28. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 2,600 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $34.17, for a total transaction of $88,842.00. Following the completion of the transaction, the director directly owned 14,043 shares in the company, valued at $479,849.31. This trade represents a 15.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 497,002 shares of company stock worth $15,889,138. 0.56% of the stock is currently owned by corporate insiders.

Halliburton Trading Up 0.4%

HAL opened at $33.52 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $35.55. The stock has a market cap of $28.21 billion, a PE ratio of 22.20, a PEG ratio of 1.99 and a beta of 0.78. The business has a 50 day moving average of $29.72 and a 200-day moving average of $25.72.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the firm posted $0.73 EPS. Halliburton’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HAL shares. Rothschild & Co Redburn assumed coverage on shares of Halliburton in a research report on Monday, November 3rd. They issued a “buy” rating and a $35.00 target price for the company. Piper Sandler lifted their price target on Halliburton from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen increased their price objective on Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. BMO Capital Markets boosted their target price on Halliburton from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Thursday, January 22nd. Finally, Redburn Partners set a $35.00 price target on shares of Halliburton in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.76.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.