Halliburton Company (HAL) Position Raised by Comerica Bank
Comerica Bank increased its position in shares of Halliburton Company (NYSE:HAL) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,894 shares of the oilfield services company’s stock after purchasing an additional 1,350 shares during the period. Comerica Bank’s holdings in Halliburton were worth $11,887,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC raised its holdings in Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after purchasing an additional 17 shares in the last quarter. Ledyard National Bank increased its holdings in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Independent Portfolio Consultants Inc. increased its holdings in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares in the last quarter. Finally, Estabrook Capital Management increased its holdings in shares of Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares in the last quarter. 79.94% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup Inc. dropped their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.55.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.
Shares of Halliburton Company (NYSE:HAL) traded up $0.03 on Thursday, hitting $41.72. 1,160,089 shares of the stock were exchanged, compared to its average volume of 8,794,433. The firm has a market capitalization of $36,380.00, a price-to-earnings ratio of 58.82, a P/E/G ratio of 4.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. equities research analysts predict that Halliburton Company will post 1.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
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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