National Pension Service Boosts Holdings in Halliburton Company (HAL)
National Pension Service boosted its stake in Halliburton Company (NYSE:HAL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 782,699 shares of the oilfield services company’s stock after purchasing an additional 35,933 shares during the quarter. National Pension Service’s holdings in Halliburton were worth $38,251,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. E&G Advisors LP grew its holdings in Halliburton by 140.2% in the fourth quarter. E&G Advisors LP now owns 11,135 shares of the oilfield services company’s stock worth $544,000 after purchasing an additional 6,500 shares during the period. Graybill Bartz & Assoc Ltd. acquired a new stake in Halliburton in the fourth quarter worth $3,214,000. CWM LLC grew its holdings in Halliburton by 2,176.7% in the fourth quarter. CWM LLC now owns 679,204 shares of the oilfield services company’s stock worth $33,193,000 after purchasing an additional 649,371 shares during the period. Banced Corp acquired a new stake in Halliburton in the fourth quarter worth $211,000. Finally, Skylands Capital LLC grew its holdings in Halliburton by 4.2% in the fourth quarter. Skylands Capital LLC now owns 90,950 shares of the oilfield services company’s stock worth $4,445,000 after purchasing an additional 3,675 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.
HAL has been the subject of a number of research reports. Loop Capital restated a “buy” rating and issued a $57.00 price target (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. Cowen set a $50.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research note on Friday, October 6th. Deutsche Bank assumed coverage on shares of Halliburton in a research note on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average price target of $57.21.
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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the firm earned $0.01 earnings per share. The firm’s revenue was up 42.0% on a year-over-year basis. research analysts predict that Halliburton Company will post 1.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s payout ratio is currently 300.00%.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction dated 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 sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robb L. Voyles sold 5,000 shares of Halliburton stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. Following the completion of the sale, the executive vice president now directly owns 220,938 shares in the company, valued at approximately $10,792,821.30. The disclosure for this sale can be found here. Insiders have sold 141,612 shares of company stock worth $6,556,433 over the last three months. 0.46% of the stock is owned by insiders.
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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