Gabelli Funds LLC lifted its holdings in Halliburton Company (NYSE:HAL) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,414,700 shares of the oilfield services company’s stock after purchasing an additional 21,000 shares during the quarter. Gabelli Funds LLC owned 0.16% of Halliburton worth $65,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. United Services Automobile Association grew its holdings in shares of Halliburton by 1.0% in the first quarter. United Services Automobile Association now owns 798,022 shares of the oilfield services company’s stock worth $39,271,000 after acquiring an additional 8,277 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Halliburton by 1.3% in the first quarter. Principal Financial Group Inc. now owns 1,224,126 shares of the oilfield services company’s stock worth $60,239,000 after acquiring an additional 16,183 shares during the period. Wellington Management Group LLP grew its holdings in shares of Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock worth $1,004,532,000 after acquiring an additional 227,704 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Halliburton by 6.3% in the first quarter. Stratos Wealth Partners LTD. now owns 11,409 shares of the oilfield services company’s stock worth $561,000 after acquiring an additional 681 shares during the period. Finally, FMR LLC grew its holdings in shares of Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock worth $743,191,000 after acquiring an additional 1,496,685 shares during the period. Hedge funds and other institutional investors own 78.61% of the company’s stock.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the Securities Exchange Commission, which is available at this link. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.
Shares of Halliburton Company (NYSE HAL) traded down $0.40 during trading hours on Tuesday, reaching $41.17. The company had a trading volume of 11,601,069 shares, compared to its average volume of 8,767,120. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a market capitalization of $35,920.00, a PE ratio of 57.22, a P/E/G ratio of 4.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 16.15% and a net margin of 6.63%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. sell-side analysts anticipate that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.75%. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.
Several brokerages recently commented on HAL. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup Inc. cut their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Scotiabank reissued a “buy” rating and set a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital reissued a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $57.55.
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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