Mackenzie Financial Corp grew its stake in Halliburton Company (NYSE:HAL) by 2,338.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 432,401 shares of the oilfield services company’s stock after buying an additional 414,665 shares during the quarter. Mackenzie Financial Corp’s holdings in Halliburton were worth $19,903,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Capstone Asset Management Co. boosted its stake in shares of Halliburton by 3.1% in the 2nd quarter. Capstone Asset Management Co. now owns 70,932 shares of the oilfield services company’s stock valued at $3,030,000 after buying an additional 2,144 shares during the period. Evanson Asset Management LLC raised its position in shares of Halliburton by 2.6% during the 2nd quarter. Evanson Asset Management LLC now owns 10,001 shares of the oilfield services company’s stock worth $427,000 after acquiring an additional 255 shares in the last quarter. Koshinski Asset Management Inc. raised its position in shares of Halliburton by 6.1% during the 2nd quarter. Koshinski Asset Management Inc. now owns 7,880 shares of the oilfield services company’s stock worth $337,000 after acquiring an additional 450 shares in the last quarter. Private Trust Co. NA raised its position in shares of Halliburton by 8.8% during the 2nd quarter. Private Trust Co. NA now owns 10,677 shares of the oilfield services company’s stock worth $455,000 after acquiring an additional 867 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV raised its position in shares of Halliburton by 8.7% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 13,104 shares of the oilfield services company’s stock worth $593,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.
Several brokerages have recently weighed in on HAL. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup raised their target price on Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Finally, Deutsche Bank began coverage on Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and an average price target of $57.55.
Halliburton Company (HAL) traded down $0.07 during trading hours on Thursday, hitting $43.38. The stock had a trading volume of 8,807,600 shares, compared to its average volume of 8,786,759. The firm has a market capitalization of $38,068.96, a price-to-earnings ratio of 59.77, a P/E/G ratio of 4.71 and a beta of 1.03. 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 Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last released its 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. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s payout ratio is currently 300.01%.
In other news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the transaction, the executive vice president now owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James S. Brown sold 29,485 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total value of $1,297,634.85. Following the completion of the transaction, the insider now directly owns 129,646 shares in the company, valued at approximately $5,705,720.46. The disclosure for this sale can be found here. In the last three months, insiders sold 88,585 shares of company stock worth $3,858,920. Corporate insiders own 0.46% of the company’s stock.
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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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