Janus Henderson Group PLC Increases Position in Halliburton Company $HAL

Janus Henderson Group PLC increased its position in shares of Halliburton Company (NYSE:HAL) by 80.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,732 shares of the oilfield services company’s stock after acquiring an additional 40,781 shares during the quarter. Janus Henderson Group PLC’s holdings in Halliburton were worth $3,577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton during the 4th quarter worth $25,000. Kelleher Financial Advisors purchased a new stake in shares of Halliburton in the third quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new position in Halliburton during the second quarter worth about $25,000. Zions Bancorporation National Association UT lifted its position in Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the period. Finally, Strive Asset Management LLC acquired a new stake in Halliburton in the 3rd quarter worth about $31,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Halliburton

In other news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction on Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the sale, the executive vice president directly owned 146,186 shares in the company, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Price Performance

Shares of NYSE HAL opened at $31.87 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a 1-year low of $20.39 and a 1-year high of $43.59. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.03 and a beta of 0.73. The business has a 50-day moving average of $35.08 and a 200-day moving average of $36.44.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, equities analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s payout ratio is presently 35.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HAL shares. Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, July 8th. They set a “peer perform” rating for the company. Rothschild & Co Redburn raised their target price on shares of Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zephirin Group boosted their target price on shares of Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Argus cut their price target on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

About Halliburton

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.