Fuller & Thaler Asset Management Inc. purchased a new position in shares of Halliburton Company (NYSE:HAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the oilfield services company’s stock, valued at approximately $184,000.
A number of other large investors have also modified their holdings of HAL. BB&T Securities LLC increased its stake in shares of Halliburton by 25.3% during the second quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock worth $2,397,000 after buying an additional 11,334 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Halliburton by 16.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock worth $1,063,000 after buying an additional 3,510 shares during the period. LMR Partners LLP purchased a new stake in shares of Halliburton during the second quarter worth approximately $2,388,000. Airain ltd increased its stake in shares of Halliburton by 31.8% during the second quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after buying an additional 118,512 shares during the period. Finally, Swiss National Bank increased its stake in shares of Halliburton by 3.4% during the second quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock worth $135,292,000 after buying an additional 104,500 shares during the period. Institutional investors own 78.61% of the company’s stock.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction that occurred 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 approximately $21,419,249.10. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.
Halliburton Company (NYSE HAL) traded up $0.15 during mid-day trading on Monday, hitting $41.58. The stock had a trading volume of 3,352,600 shares, compared to its average volume of 8,726,305. The firm has a market capitalization of $36,280.26, a P/E ratio of 56.96, a P/E/G 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 debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. equities research analysts expect that Halliburton Company will post 1.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, December 6th. Halliburton’s payout ratio is currently 300.01%.
HAL has been the topic of a number of recent research reports. Loop Capital restated a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. J P Morgan Chase & Co lowered their price target on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Cowen Inc set a $50.00 price target on Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.55.
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Halliburton Company Profile
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.
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