Lansforsakringar Fondforvaltning AB publ Has $6.72 Million Stock Position in Halliburton Company $HAL

Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Halliburton Company (NYSE:HAL) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,995 shares of the oilfield services company’s stock after acquiring an additional 25,620 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Halliburton were worth $6,716,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Halliburton by 7.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after purchasing an additional 6,507 shares in the last quarter. Woodline Partners LP increased its holdings in Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after buying an additional 20,583 shares during the last quarter. Focus Partners Wealth lifted its stake in Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after acquiring an additional 10,408 shares during the last quarter. Intech Investment Management LLC grew its position in Halliburton by 309.1% in the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after acquiring an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Halliburton during the 1st quarter worth $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction on 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 transaction, the executive vice president owned 344,535 shares in the company, valued at approximately $12,044,943.60. This represents a 13.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 337,002 shares of company stock worth $11,445,938. Corporate insiders own 0.61% of the company’s stock.

Halliburton Trading Up 1.7%

Shares of HAL stock opened at $35.86 on Wednesday. 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 $35.97. The firm’s fifty day simple moving average is $32.13 and its 200 day simple moving average is $27.26. The firm has a market capitalization of $30.03 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

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

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s payout ratio is currently 45.03%.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. Rothschild & Co Redburn 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 Wednesday, February 18th. Argus upped their price target on Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. TD Cowen boosted their target price on Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Piper Sandler increased their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Barclays lifted their price target on shares of Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.19.

Halliburton Company 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.