Schroder Investment Management Group Increases Stock Holdings in Halliburton Company $HAL

Schroder Investment Management Group raised its position in shares of Halliburton Company (NYSE:HAL) by 15.9% in the third quarter, HoldingsChannel reports. The firm owned 3,784,613 shares of the oilfield services company’s stock after buying an additional 519,481 shares during the quarter. Schroder Investment Management Group’s holdings in Halliburton were worth $93,101,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on HAL shares. Royal Bank Of Canada lifted their price target on shares of Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Capital One Financial upped their price objective on Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. The Goldman Sachs Group lifted their target price on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler boosted their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 2,600 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the sale, the director directly owned 14,043 shares of the company’s stock, valued at $479,849.31. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 54,348 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the completion of the sale, the executive vice president directly owned 344,535 shares of the company’s stock, valued at approximately $12,044,943.60. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 331,994 shares of company stock worth $11,331,187. 0.61% of the stock is currently owned by insiders.

Halliburton Stock Performance

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

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

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Halliburton 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.