Halliburton Company $HAL Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Halliburton Company (NYSE:HAL) by 21.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,274,017 shares of the oilfield services company’s stock after purchasing an additional 397,282 shares during the quarter. Hsbc Holdings PLC’s holdings in Halliburton were worth $64,306,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Groupama Asset Managment increased its holdings in shares of Halliburton by 19.9% during the fourth quarter. Groupama Asset Managment now owns 1,941,931 shares of the oilfield services company’s stock valued at $54,879,000 after purchasing an additional 322,066 shares during the period. Kera Capital Partners Inc. acquired a new stake in Halliburton in the fourth quarter worth about $219,000. MV Capital Management Inc. bought a new position in Halliburton in the 4th quarter valued at about $33,000. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in Halliburton in the 4th quarter valued at about $167,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Halliburton during the 4th quarter valued at about $71,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on HAL shares. BMO Capital Markets boosted their price target on shares of Halliburton from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Griffin Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, April 22nd. Stifel Nicolaus reissued a “buy” rating and set a $43.00 target price (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.27.

Halliburton Trading Up 0.5%

Shares of HAL opened at $35.11 on Tuesday. The business’s 50-day moving average price is $39.61 and its 200 day moving average price is $35.51. The stock has a market capitalization of $29.33 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.51 and a beta of 0.70. Halliburton Company has a 1-year low of $20.09 and a 1-year high of $43.59. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. Analysts expect that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

Insider Transactions at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 8,655 shares of Halliburton stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. The trade was a 10.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the sale, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 416,710 shares of company stock worth $16,888,735. 0.57% of the stock is currently owned by insiders.

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.