586,599 Shares in Halliburton Company $HAL Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC bought a new position in shares of Halliburton Company (NYSE:HAL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 586,599 shares of the oilfield services company’s stock, valued at approximately $16,577,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HAL. Nvest Wealth Strategies Inc. acquired a new stake in Halliburton in the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in Halliburton in the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton in the 2nd quarter worth about $25,000. Strive Asset Management LLC acquired a new stake in Halliburton in the 3rd quarter worth about $31,000. Finally, Rakuten Securities Inc. raised its stake in Halliburton by 547.3% in the 2nd quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In related news, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the transaction, the insider directly owned 93,763 shares in the company, valued at $3,927,732.07. This represents a 17.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president owned 72,976 shares of the company’s stock, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 416,991 shares of company stock worth $16,846,948 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Halliburton Price Performance

Shares of NYSE:HAL opened at $40.43 on Tuesday. The firm has a 50 day moving average of $39.80 and a 200-day moving average of $34.70. The stock has a market capitalization of $33.77 billion, a PE ratio of 22.21, a PEG ratio of 1.69 and a beta of 0.70. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. Halliburton Company has a 12 month low of $20.09 and a 12 month high of $43.59.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, equities research analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 37.36%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HAL shares. TD Cowen lifted their price objective on shares of Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price objective on shares of Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $55.00 in a research report on Thursday, May 7th. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $43.27.

Halliburton Company 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.