36,853 Shares in Halliburton Company (HAL) Acquired by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC bought a new stake in Halliburton Company (NYSE:HAL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,853 shares of the oilfield services company’s stock, valued at approximately $1,696,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Halliburton by 12.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 349,866 shares of the oilfield services company’s stock valued at $16,104,000 after acquiring an additional 40,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Halliburton by 3.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 121,115 shares of the oilfield services company’s stock valued at $5,575,000 after acquiring an additional 4,290 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Halliburton by 65.3% in the third quarter. King Luther Capital Management Corp now owns 470,694 shares of the oilfield services company’s stock valued at $21,666,000 after acquiring an additional 185,915 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Halliburton by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 217,783 shares of the oilfield services company’s stock valued at $10,067,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Halliburton by 1.8% during the third quarter. Synovus Financial Corp now owns 77,261 shares of the oilfield services company’s stock worth $3,562,000 after buying an additional 1,367 shares during the period. Institutional investors own 79.95% of the company’s stock.
In related news, insider James S. Brown sold 29,485 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the completion of the transaction, the insider now directly owns 129,646 shares in the company, valued at $5,705,720.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the transaction, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold 88,585 shares of company stock valued at $3,858,920 over the last 90 days. 0.46% of the stock is currently owned by insiders.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. equities analysts anticipate that Halliburton Company will post 1.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. Halliburton’s dividend payout ratio is presently 300.01%.
HAL has been the subject of several research reports. Jefferies Group set a $56.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price objective on shares of Halliburton in a research note on Wednesday, September 6th. J P Morgan Chase & Co lowered their price objective on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Finally, Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and an average price target of $57.55.
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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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