Metis Global Partners LLC Has $1.20 Million Position in Halliburton Company $HAL

Metis Global Partners LLC lessened its holdings in shares of Halliburton Company (NYSE:HAL) by 29.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,690 shares of the oilfield services company’s stock after selling 20,305 shares during the quarter. Metis Global Partners LLC’s holdings in Halliburton were worth $1,198,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HAL. Cullen Frost Bankers Inc. bought a new position in shares of Halliburton during the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new position in Halliburton during the second quarter worth $25,000. Root Financial Partners LLC acquired a new position in Halliburton during the third quarter worth $32,000. Rakuten Securities Inc. raised its holdings in Halliburton by 547.3% during the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock valued at $32,000 after buying an additional 1,341 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in shares of Halliburton by 111.9% in the second quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company’s stock worth $35,000 after buying an additional 900 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Down 1.0%

HAL opened at $33.95 on Tuesday. The business has a 50 day moving average of $31.35 and a 200-day moving average of $26.68. The stock has a market capitalization of $28.44 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.02 and a beta of 0.77. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $35.55.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. Halliburton’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio is currently 45.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HAL shares. Zacks Research raised Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen raised Halliburton from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Argus increased their price target on Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup boosted their price objective on shares of Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Halliburton from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $34.95.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the completion of the sale, the executive vice president owned 344,535 shares in the company, valued at approximately $12,044,943.60. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the sale, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 337,002 shares of company stock worth $11,445,938 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.