Toronto Dominion Bank Has $29.04 Million Stake in Halliburton Company (HAL)
Toronto Dominion Bank cut its stake in Halliburton Company (NYSE:HAL) by 15.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 630,781 shares of the oilfield services company’s stock after selling 112,677 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Halliburton worth $29,035,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HAL. BlackRock Inc. increased its holdings in shares of Halliburton by 2,760.4% in the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after acquiring an additional 50,022,982 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Halliburton by 107.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after acquiring an additional 8,105,286 shares during the period. Franklin Resources Inc. increased its holdings in shares of Halliburton by 35.1% in the 2nd quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after acquiring an additional 3,844,946 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of Halliburton by 7,314.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after acquiring an additional 3,700,084 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Halliburton by 3,294.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after acquiring an additional 3,672,887 shares during the period. Institutional investors and hedge funds own 79.94% of the company’s stock.
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Halliburton Company (NYSE:HAL) traded down $0.43 during trading hours on Monday, reaching $44.58. The company’s stock had a trading volume of 4,565,200 shares, compared to its average volume of 8,806,478. The stock has a market cap of $38,510.00, a price-to-earnings ratio of 61.07, a P/E/G ratio of 4.82 and a beta of 1.05. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
A number of analysts have recently weighed in on the company. Loop Capital reissued a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Scotiabank reissued a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research report on Wednesday, October 25th. J P Morgan Chase & Co lowered their price objective on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, September 12th. Finally, Cowen and Company set a $50.00 price objective on Halliburton and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $57.55.
In other news, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.
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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