WINTON GROUP Ltd Grows Holdings in Halliburton Company $HAL

WINTON GROUP Ltd lifted its stake in Halliburton Company (NYSE:HAL) by 54.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 198,710 shares of the oilfield services company’s stock after purchasing an additional 70,417 shares during the quarter. WINTON GROUP Ltd’s holdings in Halliburton were worth $4,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HAL. Vanguard Group Inc. increased its holdings in Halliburton by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock valued at $2,147,310,000 after purchasing an additional 1,617,696 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Halliburton by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock valued at $617,269,000 after purchasing an additional 346,218 shares during the period. Geode Capital Management LLC lifted its stake in Halliburton by 0.4% during the second quarter. Geode Capital Management LLC now owns 22,342,963 shares of the oilfield services company’s stock worth $453,461,000 after purchasing an additional 92,549 shares in the last quarter. Strive Asset Management LLC purchased a new position in shares of Halliburton during the third quarter worth $418,738,000. Finally, Invesco Ltd. boosted its holdings in Halliburton by 10.1% during the 2nd quarter. Invesco Ltd. now owns 11,903,833 shares of the oilfield services company’s stock valued at $242,600,000 after acquiring an additional 1,089,928 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HAL. Rothschild & Co Redburn raised their price target on shares of Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. UBS Group boosted their price target on shares of Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price objective on shares of Halliburton in a research report on Wednesday, January 21st. BMO Capital Markets raised their price objective on shares of Halliburton from $36.00 to $39.00 and gave the company a “market perform” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Halliburton Price Performance

HAL stock opened at $34.60 on Tuesday. The business has a 50 day moving average price of $33.43 and a 200 day moving average price of $28.14. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The stock has a market cap of $28.98 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.03 and a beta of 0.73. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $37.03.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. Equities research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s payout ratio is 45.03%.

Insider Transactions at Halliburton

In other news, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the sale, the executive vice president owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Mckeon sold 3,846 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the sale, the vice president directly owned 81,631 shares of the company’s stock, valued at $2,805,657.47. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 331,994 shares of company stock valued at $11,331,187 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.