CIBC Asset Management Inc raised its holdings in shares of Halliburton Company (NYSE:HAL) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,366 shares of the oilfield services company’s stock after buying an additional 11,910 shares during the quarter. CIBC Asset Management Inc’s holdings in Halliburton were worth $7,612,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BB&T Securities LLC raised its stake in shares of Halliburton by 25.3% in the second quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock valued at $2,397,000 after purchasing an additional 11,334 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Halliburton by 16.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock valued at $1,063,000 after purchasing an additional 3,510 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Halliburton in the second quarter valued at $2,388,000. Airain ltd raised its stake in shares of Halliburton by 31.8% in the second quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock valued at $20,992,000 after purchasing an additional 118,512 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Halliburton by 3.4% in the second quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock valued at $135,292,000 after purchasing an additional 104,500 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
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HAL has been the topic of a number of analyst reports. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. B. Riley reiterated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. BidaskClub upgraded Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.55.
Halliburton Company (NYSE:HAL) traded down $0.64 during midday trading on Tuesday, hitting $43.57. The stock had a trading volume of 645,422 shares, compared to its average volume of 8,790,697. The firm has a market capitalization of $38,897.88, a price-to-earnings ratio of 61.07, a P/E/G ratio of 4.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. Halliburton’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. analysts anticipate that Halliburton Company will post 1.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.
Halliburton Company Profile
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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