Steward Partners Investment Advisory LLC Invests $1.93 Million in Halliburton Company (HAL) Stock

Steward Partners Investment Advisory LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 41,976 shares of the oilfield services company’s stock, valued at approximately $1,932,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BB&T Securities LLC grew its stake in shares of Halliburton by 25.3% in the second quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock worth $2,397,000 after purchasing an additional 11,334 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Halliburton by 16.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock worth $1,063,000 after purchasing an additional 3,510 shares in the last quarter. LMR Partners LLP bought a new position in shares of Halliburton in the second quarter worth $2,388,000. Airain ltd grew its stake in shares of Halliburton by 31.8% in the second quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after purchasing an additional 118,512 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Halliburton by 3.4% in the second quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock worth $135,292,000 after purchasing an additional 104,500 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

HAL has been the subject of several research analyst reports. Jefferies Group set a $56.00 price objective on Halliburton and gave the company a “buy” rating in a report on Monday, August 28th. FBR & Co cut their price objective on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Royal Bank of Canada set a $55.00 price objective on Halliburton and gave the company a “buy” rating in a report on Sunday, October 15th. Citigroup upped their price objective on Halliburton from $52.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Deutsche Bank initiated coverage on Halliburton in a report on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.51.

In other news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,585 shares of company stock valued at $3,858,920. 0.46% of the stock is currently owned by company insiders.

Shares of Halliburton Company (HAL) traded down $0.35 during midday trading on Friday, hitting $44.41. The stock had a trading volume of 7,172,800 shares, compared to its average volume of 8,777,228. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78. The stock has a market capitalization of $39,054.93, a P/E ratio of 61.31, a price-to-earnings-growth ratio of 4.83 and a beta of 1.03. 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 announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business posted $0.01 earnings per share. Halliburton’s revenue was up 42.0% compared to the same quarter last year. research analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is 300.01%.

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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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