Halliburton Company (HAL) Position Raised by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of Halliburton Company (NYSE:HAL) by 3,294.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,784,359 shares of the oilfield services company’s stock after purchasing an additional 3,672,887 shares during the quarter. Janus Henderson Group PLC owned approximately 0.43% of Halliburton worth $161,631,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Shelton Capital Management purchased a new stake in Halliburton during the second quarter worth approximately $332,000. Macquarie Group Ltd. lifted its stake in Halliburton by 7.4% during the second quarter. Macquarie Group Ltd. now owns 15,546,880 shares of the oilfield services company’s stock worth $664,007,000 after purchasing an additional 1,069,164 shares during the last quarter. Prudential PLC lifted its stake in Halliburton by 26.4% during the second quarter. Prudential PLC now owns 4,875,228 shares of the oilfield services company’s stock worth $208,221,000 after purchasing an additional 1,016,827 shares during the last quarter. Fred Alger Management Inc. lifted its stake in Halliburton by 17.2% during the second quarter. Fred Alger Management Inc. now owns 2,235,441 shares of the oilfield services company’s stock worth $95,476,000 after purchasing an additional 328,701 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in Halliburton by 4.6% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,077,257 shares of the oilfield services company’s stock worth $46,010,000 after purchasing an additional 47,355 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

HAL has been the subject of a number of research reports. Cowen and Company set a $50.00 price objective on Halliburton and gave the company a “hold” rating in a research note on Friday. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Citigroup Inc. boosted their price objective on Halliburton from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus target price of $57.99.

Halliburton Company (NYSE:HAL) traded down 0.75% during midday trading on Friday, hitting $44.75. The stock had a trading volume of 11,162,207 shares. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The stock’s market cap is $39.00 billion. The company’s 50-day moving average price is $41.91 and its 200 day moving average price is $44.29.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts predict that Halliburton Company will post $1.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. Halliburton’s dividend payout ratio is currently -423.50%.

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In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by insiders.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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