DnB Asset Management AS Raises Holdings in Halliburton Company (HAL)

DnB Asset Management AS grew its stake in shares of Halliburton Company (NYSE:HAL) by 5.8% in the 4th quarter, Holdings Channel reports. The fund owned 137,226 shares of the oilfield services company’s stock after purchasing an additional 7,500 shares during the quarter. DnB Asset Management AS’s holdings in Halliburton were worth $6,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HAL. Estabrook Capital Management lifted its position in Halliburton by 82.8% during the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after acquiring an additional 1,250 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after acquiring an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Halliburton during the third quarter worth approximately $184,000. Krilogy Financial LLC raised its position in shares of Halliburton by 35.9% in the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after buying an additional 1,212 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. acquired a new stake in shares of Halliburton in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 79.79% of the company’s stock.

HAL has been the subject of a number of analyst reports. Citigroup dropped their price target on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Scotiabank reiterated a “buy” rating and issued a $52.00 price target on shares of Halliburton in a research report on Wednesday, October 25th. Loop Capital reiterated a “buy” rating and issued a $57.00 price target (down from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Deutsche Bank initiated coverage on shares of Halliburton in a research report on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price target for the company. Finally, FBR & Co dropped their price target on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $56.68.

In other Halliburton news, EVP Robb L. Voyles sold 5,000 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $48.85, for a total transaction of $244,250.00. Following the sale, the executive vice president now owns 220,938 shares of the company’s stock, valued at $10,792,821.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction 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 directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Insiders sold 141,612 shares of company stock worth $6,556,433 over the last three months. 0.47% of the stock is currently owned by insiders.

Halliburton Company (HAL) opened at $53.33 on Friday. The stock has a market cap of $46,530.00, a P/E ratio of 222.21, a P/E/G ratio of 3.00 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a $0.18 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Halliburton’s dividend payout ratio (DPR) is 300.00%.

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Halliburton Company Profile

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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