Groupama Asset Managment Increases Position in Halliburton Company $HAL

Groupama Asset Managment grew its position in Halliburton Company (NYSE:HAL) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,619,865 shares of the oilfield services company’s stock after purchasing an additional 47,002 shares during the quarter. Groupama Asset Managment owned approximately 0.19% of Halliburton worth $39,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP boosted its position in shares of Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after acquiring an additional 20,583 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after acquiring an additional 10,408 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after acquiring an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Halliburton during the 1st quarter worth about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HAL. Citigroup upped their price target on Halliburton from $33.00 to $38.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Stifel Nicolaus set a $36.00 price objective on shares of Halliburton in a report on Thursday, January 22nd. BMO Capital Markets boosted their price objective on shares of Halliburton from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Thursday, January 22nd. Argus upped their target price on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Halliburton in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

Insider Transactions at Halliburton

In related news, VP Timothy Mckeon sold 3,846 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the sale, the vice president owned 81,631 shares in the company, valued at $2,805,657.47. This represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 2,600 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $34.17, for a total transaction of $88,842.00. Following the transaction, the director directly owned 14,043 shares in the company, 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 357,053 shares of company stock worth $12,178,682 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Halliburton Trading Up 1.6%

NYSE:HAL opened at $36.22 on Thursday. The company has a market capitalization of $30.33 billion, a PE ratio of 23.98, a P/E/G ratio of 2.12 and a beta of 0.73. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.03. The stock’s 50 day moving average price is $34.19 and its 200 day moving average price is $28.73. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68.

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

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.68 annualized dividend and a yield of 1.9%. Halliburton’s dividend payout ratio is 45.03%.

Halliburton Company 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.