Qsemble Capital Management LP Buys Shares of 164,094 Halliburton Company $HAL

Qsemble Capital Management LP bought a new stake in shares of Halliburton Company (NYSE:HAL) in the 4th quarter, HoldingsChannel reports. The fund bought 164,094 shares of the oilfield services company’s stock, valued at approximately $4,637,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after purchasing an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the last quarter. Sanders Capital LLC grew its position in shares of Halliburton by 9.4% during the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock worth $639,715,000 after acquiring an additional 2,238,983 shares during the last quarter. Strive Asset Management LLC bought a new position in shares of Halliburton during the third quarter worth about $418,738,000. Finally, AQR Capital Management LLC grew its position 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 acquiring an additional 3,969,759 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

HAL stock opened at $41.71 on Friday. Halliburton Company has a fifty-two week low of $19.38 and a fifty-two week high of $42.46. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $34.85 billion, a P/E ratio of 22.92, a PEG ratio of 1.81 and a beta of 0.73. The company has a 50-day simple moving average of $38.24 and a 200 day simple moving average of $33.12.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the company earned $0.60 EPS. Halliburton’s revenue was down .3% on a year-over-year basis. Sell-side analysts predict that Halliburton Company will post 2.32 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio is presently 37.36%.

Insider Buying and Selling

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president directly owned 72,976 shares of the company’s stock, valued at $3,064,992. The trade was a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 222,488 shares of company stock worth $8,789,305 in the last ninety days. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of several recent research reports. Argus upped their price target on shares of Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group upped their price target on shares of Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Griffin Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, April 22nd. Capital One Financial upped their price target on shares of Halliburton from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Citigroup upped their price target on shares of Halliburton from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.45.

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.