Gulf International Bank UK Ltd increased its position in shares of Halliburton Co. (NYSE:HAL) by 2.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 262,455 shares of the oilfield services company’s stock after buying an additional 5,900 shares during the period. Gulf International Bank UK Ltd’s holdings in Halliburton were worth $11,778,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Avalon Advisors LLC boosted its stake in shares of Halliburton by 42.9% in the first quarter. Avalon Advisors LLC now owns 22,271 shares of the oilfield services company’s stock worth $796,000 after buying an additional 6,681 shares during the period. Cullinan Associates Inc. boosted its stake in shares of Halliburton by 3.0% in the first quarter. Cullinan Associates Inc. now owns 6,800 shares of the oilfield services company’s stock worth $243,000 after buying an additional 200 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Halliburton by 8.1% in the second quarter. Integrated Investment Consultants LLC now owns 4,062 shares of the oilfield services company’s stock worth $184,000 after buying an additional 306 shares during the period. Indiana Trust & Investment Management CO boosted its stake in shares of Halliburton by 3.7% in the second quarter. Indiana Trust & Investment Management CO now owns 7,123 shares of the oilfield services company’s stock worth $323,000 after buying an additional 253 shares during the period. Finally, Cacti Asset Management LLC boosted its stake in shares of Halliburton by 6.9% in the second quarter. Cacti Asset Management LLC now owns 670,116 shares of the oilfield services company’s stock worth $30,350,000 after buying an additional 43,175 shares during the period. Hedge funds and other institutional investors own 78.27% of the company’s stock.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Halliburton Co. (NYSE:HAL) traded down 1.43% during trading on Monday, hitting $48.80. The stock had a trading volume of 6,322,427 shares. The company has a 50-day moving average of $47.78 and a 200-day moving average of $44.52. Halliburton Co. has a 52 week low of $27.64 and a 52 week high of $50.49. The stock’s market capitalization is $42.19 billion.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.08. Halliburton had a positive return on equity of 1.82% and a negative net margin of 33.29%. The business earned $3.83 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company earned $0.31 earnings per share. Halliburton’s revenue was down 31.3% compared to the same quarter last year. On average, equities analysts expect that Halliburton Co. will post ($0.05) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 5th. Halliburton’s payout ratio is currently -10.98%.

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Several brokerages have recently commented on HAL. Citigroup Inc. restated a “buy” rating on shares of Halliburton in a report on Wednesday, August 3rd. Atlantic Securities began coverage on Halliburton in a report on Monday, August 8th. They set an “underweight” rating and a $38.00 target price on the stock. Jefferies Group restated a “buy” rating on shares of Halliburton in a report on Tuesday, August 30th. Guggenheim restated a “sell” rating on shares of Halliburton in a report on Wednesday, August 31st. Finally, Vetr cut Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price on the stock. in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.81.

In other news, President Jeffrey Allen Miller sold 55,299 shares of the firm’s stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $50.00, for a total value of $2,764,950.00. Following the completion of the transaction, the president now directly owns 302,261 shares of the company’s stock, valued at $15,113,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joe D. Rainey sold 23,162 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $50.23, for a total value of $1,163,427.26. Following the completion of the transaction, the insider now directly owns 185,819 shares of the company’s stock, valued at $9,333,688.37. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

Halliburton 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.

5 Day Chart for NYSE:HAL

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