Cambridge Investment Research Advisors Inc. Has $3.20 Million Position in Halliburton Company (HAL)
Cambridge Investment Research Advisors Inc. lifted its holdings in Halliburton Company (NYSE:HAL) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,497 shares of the oilfield services company’s stock after purchasing an additional 2,126 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Halliburton were worth $3,199,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. CNA Financial Corp lifted its stake in shares of Halliburton by 31.2% in the 3rd quarter. CNA Financial Corp now owns 20,308 shares of the oilfield services company’s stock valued at $935,000 after purchasing an additional 4,833 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Halliburton by 4.9% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 240,098 shares of the oilfield services company’s stock valued at $11,052,000 after purchasing an additional 11,285 shares during the last quarter. Comerica Bank lifted its stake in shares of Halliburton by 0.5% in the 3rd quarter. Comerica Bank now owns 276,894 shares of the oilfield services company’s stock valued at $11,887,000 after purchasing an additional 1,350 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Halliburton by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock valued at $578,622,000 after purchasing an additional 500,982 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. acquired a new stake in shares of Halliburton in the 3rd quarter valued at $1,105,000. 79.94% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Citigroup Inc. boosted their target price on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Finally, Deutsche Bank AG started coverage on shares of Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Halliburton presently has an average rating of “Buy” and an average target price of $57.55.
Halliburton Company (NYSE HAL) traded up $0.26 during trading hours on Friday, reaching $41.77. 5,899,890 shares of the company’s stock were exchanged, compared to its average volume of 8,767,691. The firm has a market capitalization of $36,220.00, a price-to-earnings ratio of 58.82, a PEG ratio of 4.64 and a beta of 1.05. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. Halliburton’s payout ratio is 300.00%.
In other news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.46% 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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