Halliburton Company $HAL Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in Halliburton Company (NYSE:HAL) by 461.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 408,281 shares of the oilfield services company’s stock after acquiring an additional 335,581 shares during the period. WINTON GROUP Ltd’s holdings in Halliburton were worth $13,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HAL. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Halliburton in the second quarter worth $25,000. Kilter Group LLC acquired a new position in shares of Halliburton during the second quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in shares of Halliburton during the second quarter valued at about $26,000. Finally, Silvant Capital Management LLC acquired a new stake in Halliburton in the second quarter worth about $28,000. 85.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. 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 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 transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Halliburton Price Performance

HAL opened at $37.19 on Thursday. The stock has a fifty day moving average of $34.27 and a 200-day moving average of $36.70. The firm has a market capitalization of $30.98 billion, a P/E ratio of 19.47, a PEG ratio of 2.12 and a beta of 0.76. Halliburton Company has a 12-month low of $21.46 and a 12-month high of $43.59. 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 issued its quarterly 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. 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%.Halliburton’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is presently 35.60%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Susquehanna reduced their target price on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. UBS Group decreased their price target on Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Rothschild & Co Redburn boosted their price objective on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, TD Cowen reduced their price objective on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $43.10.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports oil and natural gas exploration, development and production across the life cycle of a well, serving both independent and national oil companies.

Halliburton operates through two principal business segments: Completion and Production, which provides cementing, stimulation, intervention and completion services; and Drilling and Evaluation, which offers drilling services, formation evaluation, well construction, project management and related technologies.