SIR Capital Management L.P. reduced its holdings in shares of Halliburton (NYSE:HAL) by 50.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 262,194 shares of the oilfield services company’s stock after selling 263,567 shares during the period. Halliburton makes up 2.8% of SIR Capital Management L.P.’s investment portfolio, making the stock its 14th largest holding. SIR Capital Management L.P.’s holdings in Halliburton were worth $12,813,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Madison Investment Holdings Inc. purchased a new position in Halliburton during the 4th quarter worth $4,875,000. Brown Advisory Inc. grew its position in Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after purchasing an additional 8,362 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after purchasing an additional 50,932 shares during the last quarter. Check Capital Management Inc. CA grew its position in Halliburton by 94.3% during the 3rd quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock worth $631,000 after purchasing an additional 6,651 shares during the last quarter. Finally, Janney Capital Management LLC grew its position in Halliburton by 19.0% during the 3rd quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock worth $14,357,000 after purchasing an additional 49,872 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.
Halliburton (HAL) traded up $0.14 during mid-day trading on Wednesday, reaching $46.24. 5,988,343 shares of the company were exchanged, compared to its average volume of 9,700,000. The stock has a market capitalization of $40,460.00, a P/E ratio of 124.97, a P/E/G ratio of 2.30 and a beta of 1.06. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. analysts predict that Halliburton will post 2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, March 6th. Halliburton’s payout ratio is currently 194.59%.
Several brokerages have issued reports on HAL. Zacks Investment Research downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Bank of America downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Monday, February 26th. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Barclays set a $66.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $59.09.
In other Halliburton news, EVP Robb L. Voyles sold 5,000 shares of Halliburton stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $48.85, for a total transaction of $244,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $54.95, for a total transaction of $251,835.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,922 shares of company stock valued at $6,706,509. 0.47% of the stock is currently owned by company insiders.
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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