One Capital Management LLC Has $2.02 Million Position in Halliburton Company (HAL)
One Capital Management LLC lifted its stake in shares of Halliburton Company (NYSE:HAL) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,945 shares of the oilfield services company’s stock after acquiring an additional 3,914 shares during the period. One Capital Management LLC’s holdings in Halliburton were worth $2,023,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the 1st quarter worth about $100,000. Perigon Wealth Management LLC grew its stake in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares in the last quarter. Ledyard National Bank grew its stake in Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its position in shares of Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after acquiring an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its position in shares of Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after acquiring an additional 1,266 shares in the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Company (NYSE HAL) traded up $1.85 during mid-day trading on Tuesday, reaching $45.08. 9,917,773 shares of the company traded hands, compared to its average volume of 8,180,000. The firm has a market capitalization of $39,960.00, a price-to-earnings ratio of 59.22, a price-to-earnings-growth ratio of 4.67 and a beta of 1.05. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. equities analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.60%. Halliburton’s payout ratio is 300.00%.
A number of research analysts recently issued reports on HAL shares. Wells Fargo & Company restated an “outperform” rating on shares of Halliburton in a research report on Monday, July 10th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 target price on shares of Halliburton in a research report on Wednesday, July 12th. BMO Capital Markets cut their target price on Halliburton from $65.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, July 14th. Finally, BidaskClub upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $57.55.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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