Benin Management CORP decreased its position in Halliburton (NYSE:HAL) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,082 shares of the oilfield services company’s stock after selling 2,100 shares during the period. Benin Management CORP’s holdings in Halliburton were worth $687,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of HAL. Golden State Wealth Management LLC raised its stake in Halliburton by 96.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,353 shares of the oilfield services company’s stock worth $26,000 after acquiring an additional 666 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in Halliburton during the 2nd quarter worth $34,000. Meeder Asset Management Inc. raised its stake in Halliburton by 179.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,796 shares of the oilfield services company’s stock worth $34,000 after acquiring an additional 1,154 shares in the last quarter. CENTRAL TRUST Co raised its stake in Halliburton by 1,987.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,983 shares of the oilfield services company’s stock worth $49,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in Halliburton by 162.8% during the 3rd quarter. Lindbrook Capital LLC now owns 3,153 shares of the oilfield services company’s stock worth $59,000 after acquiring an additional 1,953 shares in the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.
HAL has been the topic of several research analyst reports. Royal Bank of Canada cut their price target on shares of Halliburton from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank raised shares of Halliburton from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 6th. BMO Capital Markets downgraded shares of Halliburton from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Wednesday, December 18th. Finally, Citigroup raised their price objective on shares of Halliburton from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.44.
Shares of NYSE:HAL opened at $23.58 on Friday. The company has a market cap of $21.01 billion, a price-to-earnings ratio of -18.42, a PEG ratio of 4.38 and a beta of 1.53. The firm’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $21.22. The company has a quick ratio of 1.67, a current ratio of 2.30 and a debt-to-equity ratio of 1.39. Halliburton has a fifty-two week low of $16.97 and a fifty-two week high of $32.71.
Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 21st. The oilfield services company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.15 billion. Halliburton had a negative net margin of 5.05% and a positive return on equity of 11.74%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts forecast that Halliburton will post 1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Thursday, December 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 58.06%.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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