Nykredit A S Buys Shares of 362,629 Halliburton Company $HAL

Nykredit A S bought a new stake in Halliburton Company (NYSE:HAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 362,629 shares of the oilfield services company’s stock, valued at approximately $12,311,000.

Several other institutional investors also recently modified their holdings of the business. Kelleher Financial Advisors bought a new position in Halliburton in the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton during the 2nd quarter valued at $25,000. Kilter Group LLC acquired a new position in shares of Halliburton in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of Halliburton in the 2nd quarter worth $26,000. Finally, Silvant Capital Management LLC bought a new position in shares of Halliburton in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HAL. Wall Street Zen lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Argus decreased their target price on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Citigroup increased their price target on shares of Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. UBS Group reduced their price objective on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Stock Performance

Shares of HAL stock opened at $37.05 on Friday. Halliburton Company has a 12 month low of $21.46 and a 12 month high of $43.59. The company’s fifty day simple moving average is $34.07 and its 200-day simple moving average is $36.63. The firm has a market cap of $30.87 billion, a PE ratio of 19.40, a P/E/G ratio of 2.15 and a beta of 0.76. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton’s payout ratio is currently 35.60%.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Company 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.