Thrivent Financial for Lutherans Has $41.32 Million Stock Holdings in Halliburton Company $HAL

Thrivent Financial for Lutherans increased its holdings in shares of Halliburton Company (NYSE:HAL) by 15.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,027,443 shares of the oilfield services company’s stock after buying an additional 264,736 shares during the quarter. Thrivent Financial for Lutherans owned 0.24% of Halliburton worth $41,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Halliburton by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock worth $2,147,310,000 after acquiring an additional 1,617,696 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Halliburton by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock valued at $617,269,000 after purchasing an additional 346,218 shares during the period. Geode Capital Management LLC lifted its position in shares of Halliburton by 0.4% in the second quarter. Geode Capital Management LLC now owns 22,342,963 shares of the oilfield services company’s stock worth $453,461,000 after purchasing an additional 92,549 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Halliburton by 10.1% during the second quarter. Invesco Ltd. now owns 11,903,833 shares of the oilfield services company’s stock worth $242,600,000 after purchasing an additional 1,089,928 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Halliburton by 85.5% during the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after purchasing an additional 3,969,759 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HAL. BMO Capital Markets upped their price objective on shares of Halliburton from $28.00 to $31.00 in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research report on Tuesday, December 9th. HSBC set a $30.00 target price on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Rothschild & Co Redburn began coverage on Halliburton in a research note on Monday, November 3rd. They set a “buy” rating and a $35.00 price target for the company. Finally, Melius started coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.18.

Insider Buying and Selling

In other news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the sale, the insider directly owned 452,374 shares in the company, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the sale, the executive vice president directly owned 333,528 shares of the company’s stock, valued at approximately $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Halliburton Trading Down 0.7%

Halliburton stock opened at $28.43 on Tuesday. Halliburton Company has a one year low of $18.72 and a one year high of $30.40. The company’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $23.49. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 18.82 and a beta of 0.81.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. On average, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.