23,579 Shares in Halliburton Company $HAL Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of Halliburton Company (NYSE:HAL) during the 3rd quarter, Holdings Channel reports. The firm bought 23,579 shares of the oilfield services company’s stock, valued at approximately $580,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Halliburton by 1.6% during the second quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock valued at $2,147,310,000 after purchasing an additional 1,617,696 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Halliburton by 1.2% during 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 buying an additional 346,218 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Halliburton by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,342,963 shares of the oilfield services company’s stock valued at $453,461,000 after buying an additional 92,549 shares during the period. Invesco Ltd. boosted its stake in shares of Halliburton by 10.1% in the 2nd quarter. Invesco Ltd. now owns 11,903,833 shares of the oilfield services company’s stock worth $242,600,000 after buying an additional 1,089,928 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company’s stock worth $249,803,000 after acquiring an additional 1,906,724 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

NYSE HAL opened at $35.93 on Friday. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.14 and a beta of 0.77. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $36.19. The company’s 50 day moving average is $32.61 and its two-hundred day moving average is $27.53. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 54,348 shares of Halliburton stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the sale, the executive vice president owned 344,535 shares of the company’s stock, valued at approximately $12,044,943.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the transaction, the director owned 14,043 shares of the company’s stock, valued at $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 337,002 shares of company stock valued at $11,445,938 over the last three months. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HAL shares. Argus raised their target price on Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citigroup increased their price objective on shares of Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Barclays boosted their target price on shares of Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. TD Cowen increased their price target on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.19.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.