Halliburton Company (HAL) Shares Sold by Banque Pictet & Cie SA
Banque Pictet & Cie SA reduced its stake in shares of Halliburton Company (NYSE:HAL) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 854,906 shares of the oilfield services company’s stock after selling 225,857 shares during the quarter. Halliburton accounts for approximately 0.9% of Banque Pictet & Cie SA’s holdings, making the stock its 26th biggest position. Banque Pictet & Cie SA owned 0.10% of Halliburton worth $39,351,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in HAL. Perigon Wealth Management LLC raised its stake in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares during the last quarter. Ledyard National Bank increased its holdings in Halliburton by 6.5% in the 2nd 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 during the period. Bbva Compass Bancshares Inc. increased its holdings in Halliburton by 5.0% in the 2nd 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 during the period. Independent Portfolio Consultants Inc. increased its holdings in Halliburton by 87.6% in the 2nd 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 during the period. Finally, Estabrook Capital Management increased its holdings in Halliburton by 82.8% in the 2nd 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 during the period. Hedge funds and other institutional investors own 79.94% of the company’s stock.
Shares of Halliburton Company (HAL) traded down $0.18 on Friday, hitting $41.51. 5,721,200 shares of the stock traded hands, compared to its average volume of 8,780,598. The company has a market cap of $36,560.00, a PE ratio of 57.11, a P/E/G ratio of 4.50 and a beta of 1.05. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the business earned $0.01 EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis. equities research analysts forecast that Halliburton Company will post 1.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. Halliburton’s dividend payout ratio is presently 300.00%.
HAL has been the topic of several analyst reports. Jefferies Group LLC set a $56.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Monday, August 28th. Seaport Global Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and upped their target price for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. Scotiabank set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and issued a $62.00 target price (down previously from $70.00) on shares of Halliburton in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of Halliburton in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average target price of $57.55.
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In related news, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value 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 $21,419,249.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.
Halliburton Company Profile
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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