Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in Halliburton Company $HAL

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Halliburton Company (NYSE:HAL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 186,100 shares of the oilfield services company’s stock, valued at approximately $7,256,000.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. State Street Corp boosted its holdings in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after purchasing an additional 861,964 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Halliburton by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after acquiring an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the last quarter. Finally, Sanders Capital LLC grew its holdings in shares of Halliburton by 9.4% in the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock valued at $639,715,000 after purchasing an additional 2,238,983 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. This trade represents a 57.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 258,255 shares of company stock valued at $10,550,535 over the last three months. Company insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $32.98 on Monday. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. Halliburton Company has a fifty-two week low of $20.17 and a fifty-two week high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $38.90 and a 200-day moving average of $35.86.

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

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Halliburton’s payout ratio is presently 37.36%.

Analyst Ratings Changes

Several analysts recently issued reports on HAL shares. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $37.00 to $55.00 in a report on Thursday, May 7th. TD Cowen increased their target price on Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of Halliburton from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. Eighteen equities research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.32.

About Halliburton

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.