Legal & General Group Plc Has $113.32 Million Position in Halliburton Company $HAL

Legal & General Group Plc lowered its stake in shares of Halliburton Company (NYSE:HAL) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,560,237 shares of the oilfield services company’s stock after selling 128,942 shares during the quarter. Legal & General Group Plc owned about 0.65% of Halliburton worth $113,318,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in shares of Halliburton by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock worth $316,000 after buying an additional 605 shares during the period. Avantax Advisory Services Inc. raised its holdings in Halliburton by 27.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 48,993 shares of the oilfield services company’s stock worth $1,243,000 after acquiring an additional 10,507 shares during the period. Assetmark Inc. lifted its position in Halliburton by 8.9% during the 1st quarter. Assetmark Inc. now owns 69,211 shares of the oilfield services company’s stock worth $1,756,000 after acquiring an additional 5,655 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in Halliburton by 0.8% during the first quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock valued at $1,815,000 after acquiring an additional 584 shares during the period. Finally, HB Wealth Management LLC boosted its holdings in Halliburton by 14.0% during the first quarter. HB Wealth Management LLC now owns 15,211 shares of the oilfield services company’s stock valued at $386,000 after acquiring an additional 1,866 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Halliburton Price Performance

Shares of HAL stock opened at $25.72 on Tuesday. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57. The company has a market capitalization of $21.65 billion, a P/E ratio of 17.03 and a beta of 1.03. The stock has a 50 day moving average of $25.13 and a two-hundred day moving average of $22.75. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Halliburton from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Rothschild & Co Redburn initiated coverage on Halliburton in a research report on Monday, November 3rd. They issued a “buy” rating and a $35.00 price target on the stock. Zephirin Group increased their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Redburn Partners set a $35.00 price objective on shares of Halliburton in a research note on Monday, November 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Halliburton in a research 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Halliburton Company Profile

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.