Janney Capital Management LLC boosted its holdings in Halliburton (NYSE:HAL) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 238,233 shares of the oilfield services company’s stock after buying an additional 4,858 shares during the quarter. Janney Capital Management LLC’s holdings in Halliburton were worth $6,980,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc grew its position in Halliburton by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 64,076,786 shares of the oilfield services company’s stock worth $2,597,032,000 after purchasing an additional 791,500 shares in the last quarter. BlackRock Inc. grew its position in Halliburton by 2.6% during the 4th quarter. BlackRock Inc. now owns 59,501,439 shares of the oilfield services company’s stock worth $1,581,547,000 after purchasing an additional 1,502,255 shares in the last quarter. Sanders Capital LLC grew its position in Halliburton by 8.8% during the 4th quarter. Sanders Capital LLC now owns 21,512,502 shares of the oilfield services company’s stock worth $630,814,000 after purchasing an additional 1,736,080 shares in the last quarter. Macquarie Group Ltd. grew its position in Halliburton by 15.7% during the 4th quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock worth $558,907,000 after purchasing an additional 2,860,965 shares in the last quarter. Finally, Harris Associates L P purchased a new position in Halliburton during the 4th quarter worth approximately $336,506,000. Hedge funds and other institutional investors own 80.65% of the company’s stock.
Shares of NYSE:HAL traded down $0.54 during trading on Friday, reaching $22.97. 10,033,420 shares of the company traded hands, compared to its average volume of 9,971,240. The firm has a market capitalization of $20.55 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Halliburton has a 1-year low of $22.87 and a 1-year high of $51.14. The company has a quick ratio of 1.57, a current ratio of 2.22 and a debt-to-equity ratio of 1.07.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts expect that Halliburton will post 1.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, June 4th. Halliburton’s payout ratio is presently 37.89%.
In related news, CFO Lance Loeffler sold 5,926 shares of Halliburton stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total value of $168,002.10. Following the completion of the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.
Several research firms have weighed in on HAL. UBS Group set a $36.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley set a $40.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. ValuEngine cut shares of Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Barclays lowered their price objective on shares of Halliburton from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Finally, Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. Halliburton currently has an average rating of “Buy” and a consensus target price of $44.71.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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