ETRADE Capital Management LLC Raises Holdings in Halliburton Company (HAL)

ETRADE Capital Management LLC raised its position in Halliburton Company (NYSE:HAL) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,933 shares of the oilfield services company’s stock after buying an additional 10,752 shares during the quarter. ETRADE Capital Management LLC’s holdings in Halliburton were worth $3,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perigon Wealth Management LLC grew its holdings in Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank grew its holdings in Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Independent Portfolio Consultants Inc. grew its holdings in Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares in the last quarter. Finally, Estabrook Capital Management grew its holdings in Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares in the last quarter. 78.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Halliburton Company (NYSE:HAL) opened at $41.58 on Friday. The stock has a market capitalization of $36,280.26, a price-to-earnings ratio of 56.96, a PEG ratio of 4.49 and a beta of 1.05. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company earned $0.01 EPS. Halliburton’s revenue for the quarter was up 42.0% on a year-over-year basis. research analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. Halliburton’s dividend payout ratio is currently 300.01%.

In related news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

A number of research analysts have commented on HAL shares. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 price objective on Halliburton and gave the company a “buy” rating in a report on Monday, August 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Halliburton in a report on Wednesday, September 6th. J P Morgan Chase & Co decreased their price objective on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Finally, FBR & Co decreased their price objective on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and an average price target of $57.55.

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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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