230,200 Shares in Halliburton Company $HAL Bought by SIR Capital Management L.P.

SIR Capital Management L.P. acquired a new position in shares of Halliburton Company (NYSE:HAL) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 230,200 shares of the oilfield services company’s stock, valued at approximately $7,815,000.

A number of other institutional investors also recently bought and sold shares of HAL. Bank of Nova Scotia grew its holdings in shares of Halliburton by 128.8% during the first quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company’s stock worth $89,077,000 after buying an additional 1,286,095 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in Halliburton during the 4th quarter valued at approximately $827,000. K.J. Harrison & Partners Inc lifted its position in Halliburton by 172.6% during the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company’s stock worth $3,109,000 after acquiring an additional 69,644 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Halliburton by 22.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,949 shares of the oilfield services company’s stock valued at $10,568,000 after purchasing an additional 67,369 shares during the last quarter. Finally, Nwam LLC purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $3,731,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other Halliburton news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, 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. 0.57% of the stock is currently owned by insiders.

Halliburton Stock Performance

Shares of HAL stock opened at $34.63 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $33.88 and a 200-day simple moving average of $36.54. The company has a market cap of $28.85 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.73. Halliburton Company has a 12-month low of $21.40 and a 12-month high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Analyst Ratings Changes

Several research firms have recently commented on HAL. Susquehanna cut their price target on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Barclays cut their price objective on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Capital One Financial raised their target price on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.10.

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.