ANTIPODES PARTNERS Ltd bought a new position in shares of Halliburton (NYSE:HAL – Get Rating) in the 1st quarter, Holdings Channel reports. The institutional investor bought 719,377 shares of the oilfield services company’s stock, valued at approximately $27,242,000. Halliburton accounts for about 1.0% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 28th largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rather & Kittrell Inc. bought a new stake in Halliburton during the fourth quarter worth $25,000. Riverview Trust Co bought a new stake in Halliburton during the first quarter worth $27,000. City State Bank bought a new stake in Halliburton during the fourth quarter worth $36,000. UMB Bank N A MO acquired a new position in shares of Halliburton during the fourth quarter worth $37,000. Finally, West Oak Capital LLC acquired a new position in shares of Halliburton during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 79.17% of the company’s stock.
In other news, CFO Lance Loeffler sold 27,912 shares of the stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $42.00, for a total value of $1,172,304.00. Following the completion of the transaction, the chief financial officer now owns 135,681 shares of the company’s stock, valued at approximately $5,698,602. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 58,600 shares of the stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $40.00, for a total value of $2,344,000.00. Following the completion of the transaction, the chief executive officer now directly owns 850,421 shares of the company’s stock, valued at approximately $34,016,840. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,412 shares of company stock valued at $8,432,979. Company insiders own 0.57% of the company’s stock.
Halliburton (NYSE:HAL – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The oilfield services company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Halliburton had a return on equity of 17.83% and a net margin of 9.61%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business posted $0.19 EPS. The business’s revenue was up 24.1% on a year-over-year basis. Analysts anticipate that Halliburton will post 1.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, May 31st. Halliburton’s dividend payout ratio (DPR) is currently 27.75%.
A number of brokerages have weighed in on HAL. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Bank of America lifted their price target on Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Susquehanna lifted their target price on Halliburton from $45.00 to $48.00 in a research report on Wednesday, April 20th. TheStreet cut Halliburton from a “b-” rating to a “c+” rating in a research report on Wednesday, April 27th. Finally, Citigroup boosted their price objective on Halliburton from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $38.08.
Halliburton Profile (Get Rating)
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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