Robeco Institutional Asset Management B.V. Increases Holdings in Halliburton (HAL)

Robeco Institutional Asset Management B.V. grew its position in shares of Halliburton (NYSE:HAL) by 60.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,679,723 shares of the oilfield services company’s stock after purchasing an additional 1,011,607 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.31% of Halliburton worth $78,516,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Harris Associates L P purchased a new position in Halliburton in the fourth quarter worth about $336,506,000. Norges Bank bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $236,595,000. Toronto Dominion Bank raised its stake in shares of Halliburton by 344.0% during the fourth quarter. Toronto Dominion Bank now owns 4,612,880 shares of the oilfield services company’s stock valued at $122,610,000 after acquiring an additional 3,573,882 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Halliburton by 15.7% during the fourth quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock valued at $558,907,000 after acquiring an additional 2,860,965 shares in the last quarter. Finally, Manning & Napier Group LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $83,418,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

In related news, CFO Lance Loeffler sold 5,926 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Shares of HAL traded up $0.02 during mid-day trading on Wednesday, hitting $23.01. 12,256,263 shares of the company were exchanged, compared to its average volume of 10,433,439. 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. The company has a market cap of $20.08 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton will post 1.39 earnings per share for the current 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 dividend of $0.18 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.72 annualized dividend and a yield of 3.13%. Halliburton’s dividend payout ratio is presently 37.89%.

Several brokerages recently issued reports on HAL. UBS Group set a $36.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley set a $40.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. ValuEngine lowered shares of Halliburton from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Barclays cut their price target on shares of Halliburton from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $44.71.

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Halliburton 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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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