Halliburton Company $HAL Shares Purchased by Perbak Capital Partners LLP

Perbak Capital Partners LLP boosted its holdings in Halliburton Company (NYSE:HAL) by 60.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,390 shares of the oilfield services company’s stock after acquiring an additional 20,826 shares during the quarter. Perbak Capital Partners LLP’s holdings in Halliburton were worth $1,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors grew its stake in shares of Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after purchasing an additional 40,969,139 shares during the period. Strive Asset Management LLC acquired a new stake in shares of Halliburton in the third quarter valued at about $418,738,000. Norges Bank purchased a new stake in Halliburton during the second quarter worth about $109,379,000. AQR Capital Management LLC boosted its holdings in Halliburton by 85.5% during the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after buying an additional 3,969,759 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Halliburton by 762.7% during the second quarter. Schroder Investment Management Group now owns 3,265,132 shares of the oilfield services company’s stock worth $66,543,000 after buying an additional 2,886,666 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 54,348 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the sale, the executive vice president directly owned 344,535 shares of the company’s stock, valued at $12,044,943.60. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company’s stock, valued at approximately $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 331,994 shares of company stock worth $11,331,187 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HAL shares. Wall Street Zen raised shares of Halliburton from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 8th. The Goldman Sachs Group upped their price target on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Barclays raised their price objective on Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Zephirin Group cut Halliburton from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $28.00 in a report on Friday, January 23rd. Finally, TD Cowen boosted their target price on Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Halliburton Price Performance

HAL stock opened at $33.70 on Friday. The stock’s 50 day moving average price is $33.93 and its 200 day moving average price is $28.42. The firm has a market cap of $28.23 billion, a P/E ratio of 22.32, a PEG ratio of 2.08 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 Company has a 1 year low of $18.72 and a 1 year high of $37.03.

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

Halliburton Announces Dividend

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