Healthcare of Ontario Pension Plan Trust Fund Acquires 4,129,988 Shares of Halliburton Company $HAL

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Halliburton Company (NYSE:HAL) by 12,413.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,163,259 shares of the oilfield services company’s stock after buying an additional 4,129,988 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Halliburton were worth $162,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Nvest Wealth Strategies Inc. acquired a new stake in Halliburton during the 4th quarter worth $25,000. Kelleher Financial Advisors acquired a new position in shares of Halliburton in the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Halliburton in the 2nd quarter worth $25,000. Zions Bancorporation National Association UT boosted its position in shares of Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after purchasing an additional 650 shares during the last quarter. Finally, Strive Asset Management LLC acquired a new stake in shares of Halliburton during the third quarter worth $31,000. 85.23% of the stock is owned by institutional investors.

Insider Activity at Halliburton

In other news, Director Tobi M. Young sold 6,125 shares of Halliburton stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $41.72, for a total transaction of $255,535.00. Following the transaction, the director owned 15,250 shares in the company, valued at $636,230. The trade was a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total value of $363,510.00. Following the completion of the transaction, the vice president owned 72,976 shares of the company’s stock, valued at $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,255 shares of company stock valued at $10,550,535 over the last 90 days. Insiders own 0.57% of the company’s stock.

Halliburton Price Performance

HAL opened at $33.31 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59. The company has a fifty day simple moving average of $36.94 and a 200 day simple moving average of $36.45. The stock has a market cap of $27.83 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.51 and a beta of 0.71.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts expect that Halliburton Company will post 2.36 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is currently 35.60%.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported Q2 revenue of $5.71 billion and EPS of $0.55, both modestly ahead of expectations, reinforcing that core business performance remains solid. Article title
• Positive Sentiment: The company won a new integrated field development contract with Basra Oil Company in Iraq, adding another large international project and expanding its presence in a key oil-producing region. Article title
• Positive Sentiment: Halliburton also secured additional development work in Kuwait, reinforcing the view that recent contract wins are improving its growth outlook and supporting its international business mix. Article title
• Neutral Sentiment: Several commentary pieces pointed to a stronger long-term outlook thanks to Halliburton’s technology edge and global contract pipeline, but also noted that geopolitical risk and uneven execution could limit near-term upside.
• Neutral Sentiment: TD Cowen reportedly lowered expectations for Halliburton, and other firms trimmed price targets, suggesting analysts remain cautious even as the stock benefits from new business wins.
• Negative Sentiment: Analyst target cuts and mixed sentiment may cap enthusiasm if investors worry that recent contract wins are not enough to quickly reaccelerate margins or earnings growth.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Argus dropped their price objective on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday. Jefferies Financial Group restated a “buy” rating and set a $47.00 target price on shares of Halliburton in a report on Sunday, April 26th. JPMorgan Chase & Co. boosted their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. UBS Group upped their price target on Halliburton from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.14.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.