Halliburton Company $HAL Shares Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc lifted its stake in shares of Halliburton Company (NYSE:HAL) by 111.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,503 shares of the oilfield services company’s stock after buying an additional 18,184 shares during the period. MUFG Securities EMEA plc’s holdings in Halliburton were worth $975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nvest Wealth Strategies Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth $25,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the third quarter worth $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton during the second quarter worth $25,000. Strive Asset Management LLC acquired a new stake in shares of Halliburton during the third quarter worth $31,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Halliburton by 547.3% during the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock worth $32,000 after buying an additional 1,341 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Halliburton news, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the transaction, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president directly owned 146,186 shares of the company’s stock, valued at $6,036,019.94. The trade was a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 420,837 shares of company stock valued at $16,979,135 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Halliburton Trading Up 2.0%

Shares of Halliburton stock opened at $40.14 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The firm has a fifty day moving average price of $39.55 and a 200 day moving average price of $34.23. Halliburton Company has a 1 year low of $19.64 and a 1 year high of $43.59. The stock has a market cap of $33.54 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.70 and a beta of 0.69.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Halliburton’s payout ratio is presently 37.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HAL shares. UBS Group lifted their price objective on shares of Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a report on Friday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a $47.00 target price on shares of Halliburton in a report on Sunday, April 26th. Finally, Griffin Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $43.05.

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.