First National Trust Co. trimmed its holdings in shares of Halliburton Company (NYSE:HAL) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,386 shares of the oilfield services company’s stock after selling 4,785 shares during the period. First National Trust Co.’s holdings in Halliburton were worth $1,261,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BB&T Securities LLC grew its holdings in Halliburton by 25.3% during the 2nd quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock valued at $2,397,000 after buying an additional 11,334 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in 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 worth $1,063,000 after buying an additional 3,510 shares in the last quarter. LMR Partners LLP purchased a new stake in Halliburton in the second quarter worth approximately $2,388,000. Airain ltd boosted its stake in Halliburton by 31.8% in the second quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after buying an additional 118,512 shares in the last quarter. Finally, Swiss National Bank lifted its position in 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 during the last quarter. Institutional investors own 79.94% of the company’s stock.
Several brokerages have weighed in on HAL. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a research report on Thursday, July 20th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $50.00 in a research report on Thursday, July 20th. Citigroup Inc. boosted their price objective on Halliburton from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.55.
Halliburton Company (NYSE HAL) traded down $0.37 during trading on Tuesday, hitting $44.21. The company had a trading volume of 5,350,400 shares, compared to its average volume of 8,790,697. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The stock has a market capitalization of $38,897.88, a PE ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the firm posted $0.01 earnings per share. Halliburton’s revenue was up 42.0% compared to the same quarter last year. research analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction dated 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 transaction, 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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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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