Russell Investments Group Ltd. bought a new position in Halliburton Company (NYSE:HAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 781,020 shares of the oilfield services company’s stock, valued at approximately $42,205,000.
Other large investors have also recently added to or reduced their stakes in the company. Buckhead Capital Management LLC increased its stake in Halliburton Company by 0.6% in the third quarter. Buckhead Capital Management LLC now owns 7,150 shares of the oilfield services company’s stock worth $321,000 after buying an additional 42 shares during the last quarter. Advisory Services Network LLC increased its stake in Halliburton Company by 0.4% in the third quarter. Advisory Services Network LLC now owns 11,662 shares of the oilfield services company’s stock worth $523,000 after buying an additional 46 shares during the last quarter. Alpha Windward LLC increased its stake in Halliburton Company by 1.3% in the third quarter. Alpha Windward LLC now owns 3,655 shares of the oilfield services company’s stock worth $164,000 after buying an additional 46 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Halliburton Company by 1.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 5,175 shares of the oilfield services company’s stock worth $233,000 after buying an additional 50 shares during the last quarter. Finally, Integrated Wealth Management increased its stake in Halliburton Company by 1.1% in the third quarter. Integrated Wealth Management now owns 4,840 shares of the oilfield services company’s stock worth $217,000 after buying an additional 51 shares during the last quarter. 79.50% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Company (NYSE:HAL) traded down 0.2318% during mid-day trading on Monday, hitting $55.9999. 2,838,097 shares of the company traded hands. The firm’s market capitalization is $48.55 billion. The firm has a 50 day moving average of $55.78 and a 200 day moving average of $48.85. Halliburton Company has a one year low of $28.72 and a one year high of $58.78.
Halliburton Company (NYSE:HAL) last announced its quarterly earnings results on Monday, January 23rd. The oilfield services company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business earned $4.02 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Halliburton Company had a negative net margin of 36.28% and a negative return on equity of 0.15%. The firm’s revenue for the quarter was down 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Equities research analysts expect that Halliburton Company will post $1.18 earnings per share for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.72 annualized dividend and a yield of 1.28%. Halliburton Company’s payout ratio is currently -10.75%.
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HAL has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $58.00 price objective (up from $50.00) on shares of Halliburton Company in a report on Sunday, October 23rd. Vetr downgraded Halliburton Company from a “hold” rating to a “sell” rating and set a $46.86 target price on the stock. in a report on Wednesday, October 19th. Cowen and Company boosted their target price on Halliburton Company from $40.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, October 20th. Zacks Investment Research raised Halliburton Company from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, November 28th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Halliburton Company in a report on Friday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Halliburton Company has an average rating of “Buy” and an average target price of $58.07.
In other Halliburton Company news, Chairman David J. Lesar sold 10,000 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $55.16, for a total value of $551,600.00. Following the completion of the transaction, the chairman now directly owns 610,806 shares in the company, valued at approximately $33,692,058.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David J. Lesar sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $52.68, for a total transaction of $2,107,200.00. Following the completion of the transaction, the chairman now owns 563,092 shares of the company’s stock, valued at $29,663,686.56. The disclosure for this sale can be found here. Insiders have sold a total of 134,701 shares of company stock valued at $7,238,765 in the last three months. 0.46% of the stock is currently owned by corporate insiders.
Halliburton Company Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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