Elkhorn Investments LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,636 shares of the oilfield services company’s stock, valued at approximately $792,000.
A number of other institutional investors also recently modified their holdings of the stock. Westport Asset Management Inc. bought a new position in shares of Halliburton Company during the fourth quarter valued at approximately $186,000. Norges Bank bought a new position in shares of Halliburton Company during the fourth quarter valued at approximately $488,738,000. Sowell Financial Services LLC bought a new position in shares of Halliburton Company during the fourth quarter valued at approximately $117,000. Hartree Partners LP bought a new position in shares of Halliburton Company during the fourth quarter valued at approximately $5,480,000. Finally, Putnam Investments LLC increased its position in shares of Halliburton Company by 183.6% in the fourth quarter. Putnam Investments LLC now owns 3,803,227 shares of the oilfield services company’s stock valued at $205,716,000 after buying an additional 2,462,332 shares during the last quarter. 79.50% of the stock is owned by institutional investors and hedge funds.
Shares of Halliburton Company (NYSE:HAL) opened at 49.89 on Monday. The company’s 50-day moving average is $54.06 and its 200-day moving average is $50.44. Halliburton Company has a 12-month low of $33.26 and a 12-month high of $58.78. The stock’s market cap is $43.25 billion.
Halliburton Company (NYSE:HAL) last issued its quarterly earnings data on Monday, January 23rd. The oilfield services company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.06 billion. Halliburton Company had a negative net margin of 36.28% and a negative return on equity of 0.15%. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities research analysts anticipate that Halliburton Company will post $1.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, February 27th. Halliburton Company’s payout ratio is currently -10.75%.
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Several equities analysts recently commented on the stock. Citigroup Inc reissued an “overweight” rating and issued a $64.00 price objective (up previously from $63.00) on shares of Halliburton Company in a research note on Saturday, March 11th. Zacks Investment Research downgraded shares of Halliburton Company from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. FBR & Co increased their price objective on shares of Halliburton Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Vetr raised shares of Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $62.72 price objective for the company in a research note on Monday, February 20th. Finally, Jefferies Group LLC increased their price objective on shares of Halliburton Company from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.62.
In related news, Director Murry Gerber acquired 5,390 shares of Halliburton Company stock in a transaction on Friday, February 10th. The shares were acquired at an average cost of $57.11 per share, with a total value of $307,822.90. Following the transaction, the director now owns 51,358 shares in the company, valued at $2,933,055.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Myrtle L. Jones sold 726 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $52.63, for a total transaction of $38,209.38. Following the transaction, the insider now directly owns 15,418 shares in the company, valued at $811,449.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,687 shares of company stock worth $941,485. Insiders own 0.46% of the company’s stock.
About Halliburton Company
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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