FDO Partners LLC Invests $740,000 in Halliburton Company (HAL)

FDO Partners LLC purchased a new stake in shares of Halliburton Company (NYSE:HAL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,083 shares of the oilfield services company’s stock, valued at approximately $740,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Tredje AP fonden grew its holdings in shares of Halliburton by 1.6% during the third quarter. Tredje AP fonden now owns 77,160 shares of the oilfield services company’s stock worth $3,552,000 after purchasing an additional 1,251 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Halliburton by 4.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 189,774 shares of the oilfield services company’s stock worth $8,735,000 after purchasing an additional 7,700 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Halliburton by 2.5% during the third quarter. Pinnacle Associates Ltd. now owns 70,979 shares of the oilfield services company’s stock worth $3,267,000 after purchasing an additional 1,701 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of Halliburton by 3.1% during the third quarter. MUFG Americas Holdings Corp now owns 168,840 shares of the oilfield services company’s stock worth $7,771,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Halliburton by 17.3% during the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after purchasing an additional 8,362 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Halliburton Company (NYSE:HAL) traded up $1.21 during trading hours on Monday, hitting $44.27. The stock had a trading volume of 1,679,287 shares, compared to its average volume of 8,763,752. The stock has a market capitalization of $37,571.61, a price-to-earnings ratio of 58.99, a PEG ratio of 4.65 and a beta of 1.03. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. equities research analysts forecast that Halliburton Company will post 1.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.

Several research analysts have recently commented on the company. J P Morgan Chase & Co cut their price objective on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Loop Capital reissued a “buy” rating and set a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. Jefferies Group set a $56.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Citigroup cut their price objective on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $57.55.

In other news, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,100 shares of company stock valued at $4,266,665. Insiders own 0.47% of the company’s stock.

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About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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