Iat Reinsurance Co. LTD. purchased a new stake in Halliburton Company (NYSE:HAL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,000 shares of the oilfield services company’s stock, valued at approximately $1,105,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. BB&T Securities LLC lifted its holdings in shares of Halliburton by 25.3% in 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 during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Halliburton by 16.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock valued at $1,063,000 after buying an additional 3,510 shares during the period. LMR Partners LLP acquired a new stake in shares of Halliburton in the 2nd quarter valued at approximately $2,388,000. Airain ltd lifted its holdings in shares of Halliburton by 31.8% in the 2nd quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock valued at $20,992,000 after buying an additional 118,512 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Halliburton by 3.4% in the 2nd quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock valued at $135,292,000 after buying an additional 104,500 shares during the period. 79.94% of the stock is owned by institutional investors and hedge funds.
Halliburton Company (NYSE:HAL) traded down $0.80 during mid-day trading on Tuesday, reaching $43.42. The company’s stock had a trading volume of 2,431,686 shares, compared to its average volume of 8,790,697. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The stock has a market capitalization of $38,897.88, a P/E ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. equities analysts predict that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is presently 300.01%.
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Several analysts have recently commented on the company. J P Morgan Chase & Co reduced their price target on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price objective (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. Loop Capital reaffirmed a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $57.55.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.
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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