Macquarie Group Ltd. Has $733.33 Million Holdings in Halliburton Company (HAL)
Macquarie Group Ltd. boosted its stake in Halliburton Company (NYSE:HAL) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,931,445 shares of the oilfield services company’s stock after buying an additional 384,565 shares during the period. Halliburton accounts for approximately 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 12th largest holding. Macquarie Group Ltd. owned 1.83% of Halliburton worth $733,325,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of HAL. BlackRock Inc. increased its holdings in shares of Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after purchasing an additional 50,022,982 shares during the period. Ameriprise Financial Inc. grew its holdings in Halliburton by 107.8% during the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after acquiring an additional 8,105,286 shares during the period. Franklin Resources Inc. boosted its position in shares of Halliburton by 35.1% in the 2nd quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after purchasing an additional 3,844,946 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Halliburton by 7,314.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after purchasing an additional 3,700,084 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Halliburton by 3,294.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after purchasing an additional 3,672,887 shares during the period. 79.94% of the stock is currently owned by hedge funds and other institutional investors.
HAL has been the subject of a number of research reports. Jefferies Group LLC set a $56.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Monday, August 28th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and raised their price objective for the company from $43.00 to $50.00 in a research note on Thursday, July 20th. Scotiabank set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 25th. UBS AG reissued a “buy” rating and issued a $62.00 price objective (down from $70.00) on shares of Halliburton in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $57.55.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
Halliburton Company (NYSE:HAL) traded down $0.18 during trading on Friday, reaching $41.51. The company’s stock had a trading volume of 5,721,200 shares, compared to its average volume of 8,780,598. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $36,560.00, a price-to-earnings ratio of 57.11, a P/E/G ratio of 4.50 and a beta of 1.05. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. equities analysts forecast that Halliburton Company will post 1.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
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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