Renaissance Technologies LLC acquired a new stake in shares of Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,098,995 shares of the oilfield services company’s stock, valued at approximately $53,708,000. Renaissance Technologies LLC owned approximately 0.13% of Halliburton as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Weatherly Asset Management L. P. raised its stake in Halliburton by 1.3% during the fourth quarter. Weatherly Asset Management L. P. now owns 88,924 shares of the oilfield services company’s stock valued at $4,346,000 after buying an additional 1,165 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Halliburton by 26.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,746 shares of the oilfield services company’s stock worth $281,000 after purchasing an additional 1,197 shares during the period. Corient Capital Partners LLC raised its position in shares of Halliburton by 8.5% during the 4th quarter. Corient Capital Partners LLC now owns 15,679 shares of the oilfield services company’s stock worth $766,000 after purchasing an additional 1,222 shares during the period. Tredje AP fonden raised its position in shares of Halliburton by 1.6% during the 3rd quarter. Tredje AP fonden now owns 77,160 shares of the oilfield services company’s stock worth $3,552,000 after purchasing an additional 1,251 shares during the period. Finally, Westpac Banking Corp raised its position in shares of Halliburton by 2.1% during the 4th quarter. Westpac Banking Corp now owns 62,455 shares of the oilfield services company’s stock worth $3,052,000 after purchasing an additional 1,264 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Halliburton stock traded down $0.47 during mid-day trading on Thursday, reaching $46.64. The company had a trading volume of 6,764,805 shares, compared to its average volume of 9,520,698. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The firm has a market capitalization of $39,799.65, a P/E ratio of -87.98, a PEG ratio of 2.23 and a beta of 1.07. 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 earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period last year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. research analysts predict that Halliburton will post 2.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors 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 1.54%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently -135.85%.
A number of analysts have recently weighed in on HAL shares. Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Atlantic Securities upgraded Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Bank of America lowered Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Monday, February 26th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $65.00 price target (up from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. Halliburton presently has an average rating of “Buy” and an average target price of $58.83.
In other Halliburton news, VP Anne L. Beaty sold 2,937 shares of Halliburton stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,922 shares of company stock worth $6,706,509. 0.47% of the stock is owned by company insiders.
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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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