Halliburton Company $HAL Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in Halliburton Company (NYSE:HAL) by 128.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,954 shares of the oilfield services company’s stock after buying an additional 151,622 shares during the period. XTX Topco Ltd’s holdings in Halliburton were worth $5,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Discerene Group LP increased its position in shares of Halliburton by 24,122.6% during the second quarter. Discerene Group LP now owns 1,311,414 shares of the oilfield services company’s stock worth $26,727,000 after purchasing an additional 1,306,000 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Halliburton by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 504,041 shares of the oilfield services company’s stock valued at $10,272,000 after purchasing an additional 34,782 shares during the period. Coldstream Capital Management Inc. grew its stake in Halliburton by 38.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 18,318 shares of the oilfield services company’s stock worth $373,000 after buying an additional 5,111 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Halliburton by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock worth $617,269,000 after buying an additional 346,218 shares during the period. Finally, Soundwatch Capital LLC purchased a new stake in Halliburton in the second quarter valued at approximately $118,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

HAL opened at $25.72 on Tuesday. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The stock has a market cap of $21.65 billion, a P/E ratio of 17.03 and a beta of 1.03. The stock’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $22.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.Halliburton’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus set a $32.00 price objective on Halliburton in a research report on Wednesday, October 22nd. Zephirin Group increased their target price on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. Melius assumed coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Bank of America raised their target price on Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.55.

Insiders Place Their Bets

In other Halliburton news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total value of $4,443,200.00. Following the sale, the insider owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.