Van Den Berg Management I Inc. Has $10.87 Million Holdings in Halliburton Company (HAL)
Van Den Berg Management I Inc. trimmed its position in shares of Halliburton Company (NYSE:HAL) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,110 shares of the oilfield services company’s stock after selling 9,985 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Halliburton were worth $10,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Ameriprise Financial Inc. boosted its holdings in shares of Halliburton by 107.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after buying an additional 8,105,286 shares during the last quarter. BlackRock Inc. lifted its holdings in Halliburton by 7.6% during the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after purchasing an additional 3,955,245 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Halliburton by 35.1% during the second 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 last quarter. Balyasny Asset Management LLC lifted its holdings in Halliburton by 7,314.7% during the second 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 last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Halliburton by 3,294.9% during the second 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 last quarter. 79.96% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Company (NYSE:HAL) traded up $0.48 during midday trading on Friday, reaching $41.78. The company had a trading volume of 13,390,300 shares, compared to its average volume of 8,723,481. The company has a market cap of $37,570.00, a P/E ratio of 56.19, a price-to-earnings-growth ratio of 4.43 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. equities research analysts anticipate that Halliburton Company will post 1.16 EPS for the current year.
The business also recently disclosed 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 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 currently 300.00%.
In related news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the transaction, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,100 shares of company stock worth $4,266,665. 0.47% of the stock is owned by insiders.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup upped their price objective 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 restated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Finally, Deutsche Bank started coverage on shares of Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $57.55.
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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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