Halliburton Co. (HAL) Shares Bought by National Pension Service
National Pension Service increased its stake in Halliburton Co. (NYSE:HAL) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,431 shares of the oilfield services company’s stock after buying an additional 47,976 shares during the period. National Pension Service owned 0.07% of Halliburton worth $27,262,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in HAL. Advisor Partners LLC raised its stake in shares of Halliburton by 9.5% in the second quarter. Advisor Partners LLC now owns 11,487 shares of the oilfield services company’s stock valued at $520,000 after buying an additional 996 shares in the last quarter. Channing Capital Management LLC raised its stake in shares of Halliburton by 28.9% in the second quarter. Channing Capital Management LLC now owns 143,543 shares of the oilfield services company’s stock valued at $6,501,000 after buying an additional 32,209 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Halliburton by 15.1% in the second quarter. Brown Advisory Inc. now owns 41,655 shares of the oilfield services company’s stock valued at $1,886,000 after buying an additional 5,472 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock valued at $112,022,000 after buying an additional 2,059,670 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Halliburton during the second quarter valued at approximately $904,000. Hedge funds and other institutional investors own 78.27% of the company’s stock.
Halliburton Co. (NYSE:HAL) traded down 2.07% on Tuesday, hitting $47.79. 3,260,048 shares of the stock traded hands. The stock has a 50-day moving average of $47.85 and a 200-day moving average of $44.66. The firm’s market cap is $41.31 billion. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $50.49.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The business earned $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Halliburton’s revenue for the quarter was down 31.3% on a year-over-year basis. Analysts forecast that Halliburton Co. will post ($0.05) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, December 5th. Halliburton’s payout ratio is -10.98%.
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HAL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, November 21st. Vetr upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $42.96 price objective on the stock in a research note on Tuesday, September 13th. Citigroup Inc. lifted their price objective on shares of Halliburton from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. FBR & Co lifted their price objective on shares of Halliburton from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 14th. Finally, Societe Generale upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.81.
In related news, President Jeffrey Allen Miller sold 55,299 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $50.00, for a total transaction of $2,764,950.00. Following the completion of the transaction, the president now directly owns 302,261 shares in the company, valued at approximately $15,113,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joe D. Rainey sold 1,172 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $50.22, for a total transaction of $58,857.84. The disclosure for this sale can be found here. 0.46% of the stock is currently 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.
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