Cwm LLC Has $33.19 Million Holdings in Halliburton Company (HAL)
Cwm LLC grew its holdings in shares of Halliburton Company (NYSE:HAL) by 2,176.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,204 shares of the oilfield services company’s stock after buying an additional 649,371 shares during the quarter. Halliburton makes up 1.5% of Cwm LLC’s portfolio, making the stock its 18th largest position. Cwm LLC’s holdings in Halliburton were worth $33,193,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Banced Corp bought a new stake in Halliburton during the 4th quarter worth about $211,000. Skylands Capital LLC increased its stake in shares of Halliburton by 4.2% during the 4th quarter. Skylands Capital LLC now owns 90,950 shares of the oilfield services company’s stock worth $4,445,000 after purchasing an additional 3,675 shares during the last quarter. Private Capital Advisors Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $1,808,000. Donald L. Hagan LLC acquired a new position in shares of Halliburton during the 4th quarter worth about $1,290,000. Finally, Bright Rock Capital Management LLC acquired a new position in shares of Halliburton during the 4th quarter worth about $4,154,000. 79.88% of the stock is currently owned by hedge funds and other institutional investors.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the 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 owns 490,143 shares in the company, valued at approximately $21,419,249.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric Carre sold 28,024 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the transaction, the executive vice president now owns 173,767 shares in the company, valued at approximately $8,985,491.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,612 shares of company stock worth $6,556,433. 0.47% of the stock is owned by company insiders.
Several research analysts have recently weighed in on HAL shares. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. FBR & Co lowered their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Deutsche Bank started coverage on shares of Halliburton in a research note on Tuesday, October 10th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Cowen set a $50.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Halliburton has an average rating of “Buy” and an average price target of $56.90.
Shares of Halliburton Company (NYSE:HAL) traded down $0.19 on Tuesday, reaching $53.14. 9,025,500 shares of the company were exchanged, compared to its average volume of 9,026,289. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78. The firm has a market cap of $45,470.00, a price-to-earnings ratio of 221.42, a P/E/G ratio of 3.07 and a beta of 1.03. 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 announced 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 business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the business earned $0.01 EPS. Halliburton’s quarterly revenue was up 42.0% on a year-over-year basis. analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a $0.18 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Halliburton’s dividend payout ratio (DPR) is currently 300.00%.
Halliburton Company Profile
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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