AE Wealth Management LLC purchased a new stake in shares of Halliburton Company (NYSE:HAL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,133 shares of the oilfield services company’s stock, valued at approximately $466,000.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Halliburton by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after purchasing an additional 1,267,141 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Halliburton by 7.6% during the 2nd quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after purchasing an additional 3,955,245 shares during the last quarter. Capital World Investors grew its holdings in shares of Halliburton by 0.7% during the 2nd quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after purchasing an additional 320,362 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Halliburton by 9.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after purchasing an additional 1,427,985 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Halliburton by 2.5% during the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after purchasing an additional 384,565 shares during the last quarter. 78.61% of the stock is currently owned by institutional investors.
HAL has been the topic of several research reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price target (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and set a $62.00 price target (down from $70.00) on shares of Halliburton in a report on Tuesday, July 25th. Scotiabank set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, FBR & Co cut their target price on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and a consensus target price of $57.55.
In other news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.
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Shares of Halliburton Company (NYSE:HAL) traded down $0.38 during mid-day trading on Tuesday, reaching $41.19. 2,683,357 shares of the company’s stock were exchanged, compared to its average volume of 8,754,469. The company has a market cap of $36,270.00, a price-to-earnings ratio of 57.22, a PEG ratio of 4.51 and a beta of 1.05. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 6.63% and a return on equity of 16.15%. Halliburton’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS. research analysts anticipate that Halliburton Company will post 1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.
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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