Brown Advisory Inc. increased its holdings in Halliburton Company (NYSE:HAL) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,745 shares of the oilfield services company’s stock after acquiring an additional 8,362 shares during the quarter. Brown Advisory Inc.’s holdings in Halliburton were worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Thornburg Investment Management Inc. grew its position in Halliburton by 8.5% during the 3rd quarter. Thornburg Investment Management Inc. now owns 4,547,620 shares of the oilfield services company’s stock valued at $209,327,000 after purchasing an additional 354,580 shares during the last quarter. Carmignac Gestion grew its position in Halliburton by 4.2% during the 3rd quarter. Carmignac Gestion now owns 500,000 shares of the oilfield services company’s stock valued at $23,015,000 after purchasing an additional 20,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Halliburton by 14.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,705,504 shares of the oilfield services company’s stock valued at $170,565,000 after purchasing an additional 478,905 shares during the last quarter. Barings LLC grew its position in Halliburton by 169.9% during the 3rd quarter. Barings LLC now owns 83,238 shares of the oilfield services company’s stock valued at $3,831,000 after purchasing an additional 52,400 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new stake in Halliburton during the 3rd quarter valued at about $1,004,000. Institutional investors own 79.95% of the company’s stock.
In other Halliburton news, insider James S. Brown sold 29,485 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the sale, the insider now owns 129,646 shares in the company, valued at approximately $5,705,720.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s 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 sale, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,585 shares of company stock worth $3,858,920. 0.46% of the stock is owned by company insiders.
Halliburton Company (NYSE HAL) traded down $0.07 on Thursday, hitting $43.38. 8,807,600 shares of the company were exchanged, compared to its average volume of 8,786,759. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The stock has a market capitalization of $38,068.96, a P/E ratio of 59.77, a price-to-earnings-growth ratio of 4.71 and a beta of 1.03. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. research analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders 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 yield of 1.66%. The ex-dividend date is Wednesday, December 6th. Halliburton’s payout ratio is 300.01%.
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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.
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