Capital International Inc. CA Buys 23,065 Shares of Halliburton Company $HAL

Capital International Inc. CA grew its stake in Halliburton Company (NYSE:HAL) by 14.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 186,310 shares of the oilfield services company’s stock after purchasing an additional 23,065 shares during the period. Capital International Inc. CA’s holdings in Halliburton were worth $5,265,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Halliburton in the 4th quarter valued at $1,054,000. Impala Asset Management LLC purchased a new position in shares of Halliburton in the 3rd quarter valued at $2,091,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Halliburton in the 3rd quarter valued at $1,010,000. Caprock Group LLC purchased a new position in shares of Halliburton in the 3rd quarter valued at $1,579,000. Finally, QV Investors Inc. acquired a new stake in shares of Halliburton in the 4th quarter worth $3,195,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAL. Zephirin Group boosted their price objective on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Evercore boosted their price objective on Halliburton from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. The Goldman Sachs Group upped their price target on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Susquehanna upped their price target on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Finally, HSBC upped their price target on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.27.

Insiders Place Their Bets

In other news, 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 value of $363,510.00. Following the completion of the sale, the vice president directly owned 72,976 shares in the company, valued at $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $852,377.72. Following the completion of the sale, the insider owned 93,763 shares of the company’s stock, valued at $3,927,732.07. This trade represents a 17.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 416,991 shares of company stock valued at $16,846,948. Insiders own 0.57% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $40.43 on Tuesday. The business has a 50 day simple moving average of $39.80 and a two-hundred day simple moving average of $34.70. Halliburton Company has a 12 month low of $20.09 and a 12 month high of $43.59. The stock has a market capitalization of $33.77 billion, a P/E ratio of 22.21, a PEG ratio of 1.69 and a beta of 0.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54.

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

Halliburton Announces Dividend

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

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.