Mufg Securities Americas Inc. Acquires 3,688 Shares of Halliburton Company $HAL

Mufg Securities Americas Inc. raised its holdings in shares of Halliburton Company (NYSE:HAL) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,054 shares of the oilfield services company’s stock after purchasing an additional 3,688 shares during the period. Mufg Securities Americas Inc.’s holdings in Halliburton were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HAL. Stone House Investment Management LLC bought a new position in shares of Halliburton during the first quarter valued at approximately $30,000. Zions Bancorporation National Association UT purchased a new position in Halliburton during the 1st quarter valued at $37,000. CVA Family Office LLC increased its position in Halliburton by 94.8% during the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 916 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after purchasing an additional 993 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Halliburton by 252.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 1,428 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HAL shares. Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a research report on Monday, November 3rd. Susquehanna upped their target price on Halliburton from $27.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Zephirin Group raised their target price on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus set a $32.00 price target on Halliburton in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.55.

Insider Activity at Halliburton

In related news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Halliburton Trading Down 0.4%

NYSE HAL 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 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 fifty day moving average price is $25.13 and its 200-day moving average price is $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 posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Halliburton’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced 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. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s dividend payout ratio is currently 45.03%.

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.