35,950 Shares of Halliburton Company $HAL Purchased by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. bought a new stake in shares of Halliburton Company (NYSE:HAL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,950 shares of the oilfield services company’s stock, valued at approximately $1,143,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Halliburton in the 2nd quarter worth about $2,812,327,000. State Street Corp raised its stake in shares of Halliburton by 4.5% during the second quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock valued at $1,930,752,000 after acquiring an additional 2,463,137 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Halliburton during the second quarter valued at approximately $345,941,000. Bank of New York Mellon Corp purchased a new stake in shares of Halliburton in the second quarter valued at approximately $337,486,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Halliburton by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock valued at $370,556,000 after purchasing an additional 367,701 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $31.91 on Tuesday. Halliburton Company has a 52 week low of $24.92 and a 52 week high of $43.59. The business’s 50 day moving average price is $34.02 and its 200 day moving average price is $35.75. The company has a quick ratio of 1.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. The firm has a market cap of $26.40 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.91 and a beta of 0.76.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. On average, sell-side analysts expect that Halliburton Company will post 2.33 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s payout ratio is currently 28.45%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAL. Jefferies Financial Group lifted their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price target on Halliburton in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and set a $43.00 price target on shares of Halliburton in a research note on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $43.86.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.