Fidelis Capital Partners LLC Buys Shares of 22,146 Halliburton Company $HAL

Fidelis Capital Partners LLC purchased a new position in Halliburton Company (NYSE:HAL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,146 shares of the oilfield services company’s stock, valued at approximately $545,000.

Other large investors also recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in Halliburton by 12.8% in the third quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock valued at $40,480,000 after buying an additional 186,105 shares during the period. one8zero8 LLC lifted its stake in shares of Halliburton by 7.4% in the 3rd quarter. one8zero8 LLC now owns 82,300 shares of the oilfield services company’s stock valued at $2,025,000 after purchasing an additional 5,650 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Halliburton by 2.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 917,982 shares of the oilfield services company’s stock valued at $22,582,000 after purchasing an additional 25,234 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Halliburton by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after purchasing an additional 96,394 shares during the period. Finally, Retirement Planning Co of New England Inc. bought a new stake in Halliburton in the third quarter worth approximately $213,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 0.4%

NYSE 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. The stock’s 50-day simple moving average is $29.72 and its two-hundred day simple moving average is $25.69. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $35.55. The company has a market capitalization of $28.21 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.99 and a beta of 0.78.

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

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.17 per share. 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%.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 54,348 shares of Halliburton stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the transaction, the executive vice president owned 344,535 shares in the company, valued at $12,044,943.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the completion of the transaction, the executive vice president directly owned 419,800 shares in the company, valued at $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 497,002 shares of company stock worth $15,889,138. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HAL shares. Zephirin Group downgraded shares of Halliburton from a “buy” rating to a “hold” rating and dropped their target price for the company from $30.00 to $28.00 in a research report on Friday, January 23rd. Rothschild Redb raised shares of Halliburton to a “strong-buy” rating in a research report on Monday, November 3rd. Citigroup raised their target price on Halliburton from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Evercore ISI upped their price target on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Finally, TD Cowen raised their price objective on Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.