Zurcher Kantonalbank Zurich Cantonalbank Has $13.27 Million Position in Halliburton Company (HAL)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Halliburton Company (NYSE:HAL) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,277 shares of the oilfield services company’s stock after buying an additional 28,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Halliburton were worth $13,269,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HAL. Ameriprise Financial Inc. grew its stake in shares of Halliburton by 107.8% in the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after buying an additional 8,105,286 shares in the last quarter. BlackRock Inc. grew its stake in shares of Halliburton by 7.6% in the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after buying an additional 3,955,245 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Halliburton by 35.1% in the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after buying an additional 3,844,946 shares in the last quarter. Balyasny Asset Management LLC grew its stake in shares of Halliburton by 7,314.7% in the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after buying an additional 3,700,084 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Halliburton by 3,294.9% in the second quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after buying an additional 3,672,887 shares in the last quarter. 78.61% of the stock is owned by institutional investors and hedge funds.
Halliburton Company (NYSE HAL) traded up $0.26 during trading hours on Thursday, hitting $41.43. The stock had a trading volume of 4,915,900 shares, compared to its average volume of 8,750,082. The company has a market capitalization of $35,922.51, a PE ratio of 56.40, a P/E/G ratio of 4.45 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly 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 company 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 quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. equities analysts forecast that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.
In related news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Lawrence J. Pope sold 43,000 shares of Halliburton 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. 0.46% of the stock is owned by insiders.
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Several equities research analysts have issued reports on the company. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, FBR & Co cut their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $57.55.
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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