Halliburton Company $HAL Shares Bought by Perbak Capital Partners LLP

Perbak Capital Partners LLP grew its holdings in shares of Halliburton Company (NYSE:HAL) by 60.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,390 shares of the oilfield services company’s stock after purchasing an additional 20,826 shares during the quarter. Perbak Capital Partners LLP’s holdings in Halliburton were worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Halliburton by 7.5% during the first 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 period. Woodline Partners LP grew its holdings in Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after buying an additional 20,583 shares during the period. Focus Partners Wealth grew its holdings in 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 buying an additional 10,408 shares during the period. Intech Investment Management LLC increased its stake in shares of Halliburton by 309.1% during 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 position in shares of Halliburton during the 1st quarter valued at about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HAL shares. BMO Capital Markets raised their target price 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. Citigroup upped their price target on shares of Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. TD Cowen increased their price target on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on shares of Halliburton from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, UBS Group boosted their price objective on shares of Halliburton from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 2,600 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director owned 14,043 shares in the company, valued at approximately $479,849.31. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Van H. Beckwith sold 54,348 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the sale, the executive vice president owned 344,535 shares in the company, valued at approximately $12,044,943.60. The trade was a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 331,994 shares of company stock valued at $11,331,187 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Halliburton Price Performance

HAL opened at $33.70 on Friday. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.03. The company has a 50 day moving average of $33.93 and a two-hundred day moving average of $28.42. The company has a market cap of $28.23 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.08 and a beta of 0.73. 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 earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. On average, analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 annualized dividend and a yield of 2.0%. Halliburton’s dividend payout ratio (DPR) 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.