Boston Partners Boosts Stake in Halliburton Company (HAL)
Boston Partners raised its stake in shares of Halliburton Company (NYSE:HAL) by 14.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 156,079 shares of the oilfield services company’s stock after purchasing an additional 20,160 shares during the quarter. Boston Partners’ holdings in Halliburton were worth $7,628,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of HAL. Sanders Capital LLC bought a new position in shares of Halliburton during the 4th quarter worth about $163,920,000. Beutel Goodman & Co Ltd. bought a new position in shares of Halliburton during the 4th quarter worth about $118,644,000. American Century Companies Inc. increased its holdings in shares of Halliburton by 63.2% during the 3rd quarter. American Century Companies Inc. now owns 4,468,404 shares of the oilfield services company’s stock worth $205,681,000 after purchasing an additional 1,730,559 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Halliburton by 851.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,754,431 shares of the oilfield services company’s stock valued at $80,756,000 after acquiring an additional 1,570,099 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Halliburton by 5,029.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,493,220 shares of the oilfield services company’s stock valued at $68,733,000 after acquiring an additional 1,464,108 shares during the period. Institutional investors own 80.38% of the company’s stock.
In other Halliburton news, insider Timothy Mckeon sold 4,583 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,507 shares of company stock worth $8,380,429. Company insiders own 0.46% of the company’s stock.
Halliburton Company (NYSE HAL) opened at $46.70 on Friday. The company has a market cap of $40,140.00, a PE ratio of -91.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $57.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. equities research analysts predict that Halliburton Company will post 2.62 EPS for the current year.
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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