28,383 Halliburton Company $HAL Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Halliburton Company (NYSE:HAL) by 15.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,883 shares of the oilfield services company’s stock after purchasing an additional 28,383 shares during the period. ProShare Advisors LLC’s holdings in Halliburton were worth $6,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vise Technologies Inc. raised its position in Halliburton by 28.1% during the third quarter. Vise Technologies Inc. now owns 75,467 shares of the oilfield services company’s stock valued at $2,400,000 after buying an additional 16,574 shares during the period. Avestar Capital LLC lifted its stake in Halliburton by 13.0% in the 3rd quarter. Avestar Capital LLC now owns 15,254 shares of the oilfield services company’s stock worth $485,000 after acquiring an additional 1,754 shares in the last quarter. State of Wyoming lifted its stake in Halliburton by 6.5% in the 3rd quarter. State of Wyoming now owns 13,381 shares of the oilfield services company’s stock worth $426,000 after acquiring an additional 819 shares in the last quarter. Parcion Private Wealth LLC boosted its position in Halliburton by 10.7% during the 3rd quarter. Parcion Private Wealth LLC now owns 16,289 shares of the oilfield services company’s stock worth $518,000 after acquiring an additional 1,573 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Halliburton by 5.5% during the 3rd quarter. D.A. Davidson & CO. now owns 20,471 shares of the oilfield services company’s stock worth $651,000 after acquiring an additional 1,062 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Price Performance

NYSE HAL opened at $33.00 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $27.30 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76. The company has a 50 day moving average price of $34.22 and a two-hundred day moving average price of $35.76. Halliburton Company has a 12-month low of $24.92 and a 12-month high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the business posted $0.58 EPS. Halliburton’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Halliburton Company will post 2.33 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 2nd. Halliburton’s payout ratio is presently 28.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HAL. UBS Group dropped their target price on Halliburton from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Wolfe Research began coverage on shares of Halliburton in a report on Wednesday, July 8th. They set a “peer perform” rating for the company. Barclays lowered their price objective on shares of Halliburton from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Susquehanna dropped their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Finally, TD Cowen reiterated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 20th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.