Private Trust Co. NA lessened its stake in shares of Halliburton Company (NYSE:HAL) by 40.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,908 shares of the oilfield services company’s stock after selling 4,067 shares during the quarter. Private Trust Co. NA’s holdings in Halliburton were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its position in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after acquiring an additional 2,243 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Halliburton in the third quarter worth $184,000. Krilogy Financial LLC raised its position in Halliburton by 35.9% in the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after acquiring an additional 1,212 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new position in Halliburton in the third quarter worth $202,000. Finally, Banced Corp purchased a new position in Halliburton in the fourth quarter worth $211,000. Institutional investors and hedge funds own 79.88% of the company’s stock.
Halliburton Company (NYSE:HAL) opened at $52.13 on Wednesday. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The firm has a market capitalization of $46,366.82, a price-to-earnings ratio of 217.22, a PEG ratio of 3.04 and a beta of 1.03. 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 announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.35 billion. During the same quarter last year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. sell-side analysts forecast that Halliburton Company will post 1.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, December 6th. Halliburton’s payout ratio is currently 300.01%.
Several research analysts have issued reports on the company. Loop Capital reiterated a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research report on Wednesday, October 25th. Citigroup cut their price objective on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Cowen reiterated a “market perform” rating and issued a $50.00 price objective on shares of Halliburton in a research report on Tuesday, October 24th. Finally, Jefferies Group set a $57.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.21.
In related news, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Anne L. Beaty sold 1,245 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $51.50, for a total value of $64,117.50. Following the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,133,208.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,612 shares of company stock worth $6,556,433. Corporate insiders own 0.47% of the company’s stock.
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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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