Vanguard Group Inc. Raises Stock Position in Halliburton Company $HAL

Vanguard Group Inc. lifted its position in Halliburton Company (NYSE:HAL) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,363,599 shares of the oilfield services company’s stock after purchasing an additional 1,617,696 shares during the period. Vanguard Group Inc. owned 12.36% of Halliburton worth $2,147,310,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Mark Richard sold 160,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This trade represents a 26.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Halliburton Stock Performance

Shares of HAL stock opened at $25.80 on Friday. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The business’s fifty day simple moving average is $25.05 and its 200-day simple moving average is $22.67. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The company has a market cap of $21.71 billion, a PE ratio of 17.09 and a beta of 1.03.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share 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 for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on HAL shares. Susquehanna raised their target price on shares of Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. HSBC set a $30.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Wednesday, October 22nd. Barclays upped their target price on Halliburton from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Melius Research started coverage on Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Finally, Zephirin Group boosted their price target on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Halliburton 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.