Andra AP fonden increased its stake in shares of Halliburton (NYSE:HAL) by 18.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,100 shares of the oilfield services company’s stock after buying an additional 29,300 shares during the quarter. Andra AP fonden’s holdings in Halliburton were worth $3,565,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of HAL. Pzena Investment Management LLC boosted its holdings in shares of Halliburton by 89.8% in the 2nd quarter. Pzena Investment Management LLC now owns 23,591,540 shares of the oilfield services company’s stock valued at $536,472,000 after purchasing an additional 11,163,777 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Halliburton by 8.3% in the 2nd quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock valued at $1,456,428,000 after purchasing an additional 4,911,686 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Halliburton by 21.0% in the 2nd quarter. Macquarie Group Ltd. now owns 28,178,590 shares of the oilfield services company’s stock valued at $640,781,000 after purchasing an additional 4,887,699 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Halliburton in the 2nd quarter valued at $78,695,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Halliburton by 43.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,108,725 shares of the oilfield services company’s stock valued at $184,392,000 after purchasing an additional 2,443,038 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors and hedge funds.
NYSE HAL opened at $21.29 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 2.39 and a debt-to-equity ratio of 1.13. Halliburton has a twelve month low of $16.97 and a twelve month high of $33.11. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 3.94 and a beta of 1.49. The business’s fifty day moving average is $20.28 and its 200 day moving average is $20.92.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 37.89%.
In other news, Director William E. Albrecht acquired 8,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $19.35 per share, with a total value of $154,800.00. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $309,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.
A number of brokerages have weighed in on HAL. Cowen reduced their target price on Halliburton from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Deutsche Bank began coverage on Halliburton in a report on Wednesday, November 27th. They issued a “buy” rating and a $26.00 target price on the stock. Citigroup reduced their target price on Halliburton from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Barclays downgraded Halliburton from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $31.00 to $23.00 in a report on Monday, September 16th. Finally, Morgan Stanley reduced their target price on Halliburton from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. Halliburton presently has a consensus rating of “Buy” and an average target price of $30.61.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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