Machina Capital S.A.S. Acquires 41,125 Shares of Halliburton Company $HAL

Machina Capital S.A.S. boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 62.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,116 shares of the oilfield services company’s stock after buying an additional 41,125 shares during the period. Machina Capital S.A.S.’s holdings in Halliburton were worth $3,406,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HAL. Lido Advisors LLC grew its holdings in shares of Halliburton by 15.2% during the third quarter. Lido Advisors LLC now owns 40,452 shares of the oilfield services company’s stock valued at $1,286,000 after buying an additional 5,335 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Halliburton by 3.0% in the 3rd quarter. Keybank National Association OH now owns 15,056 shares of the oilfield services company’s stock worth $479,000 after acquiring an additional 445 shares during the last quarter. Welch & Forbes LLC acquired a new stake in shares of Halliburton in the 3rd quarter worth about $242,000. Lockheed Martin Investment Management Co. acquired a new stake in shares of Halliburton in the 3rd quarter worth about $1,143,000. Finally, M&G PLC lifted its position in Halliburton by 21.0% in the 3rd quarter. M&G PLC now owns 438,185 shares of the oilfield services company’s stock valued at $14,022,000 after acquiring an additional 76,096 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $32.94 on Thursday. Halliburton Company has a 1 year low of $24.92 and a 1 year high of $43.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.85 and a beta of 0.76. The company has a fifty day moving average price of $33.84 and a 200-day moving average price of $35.74.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that Halliburton Company will post 2.33 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd. Halliburton’s dividend payout ratio is presently 28.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HAL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, October 2nd. Jefferies Financial Group boosted their price objective on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Evercore reissued an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Morgan Stanley lowered their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets set a $37.00 target price on Halliburton in a report on Wednesday, July 22nd. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Halliburton Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.