United Services Automobile Association increased its position in shares of Halliburton (NYSE:HAL) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,212,671 shares of the oilfield services company’s stock after purchasing an additional 4,028 shares during the quarter. United Services Automobile Association’s holdings in Halliburton were worth $49,150,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of HAL. Franklin Resources Inc. raised its holdings in Halliburton by 644.7% during the third quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock worth $604,991,000 after purchasing an additional 12,922,480 shares during the last quarter. Sanders Capital LLC raised its holdings in shares of Halliburton by 24.8% in the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock worth $883,006,000 after acquiring an additional 3,932,014 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Halliburton by 59.1% in the third quarter. American Century Companies Inc. now owns 6,982,458 shares of the oilfield services company’s stock worth $282,999,000 after acquiring an additional 2,593,541 shares during the last quarter. Sterling Capital Management LLC acquired a new position in shares of Halliburton in the third quarter worth $73,310,000. Finally, Natixis raised its holdings in shares of Halliburton by 79.6% in the second quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock worth $169,931,000 after acquiring an additional 1,671,817 shares during the last quarter. 79.96% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on HAL shares. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Friday, September 7th. Wolfe Research started coverage on Halliburton in a report on Wednesday, October 10th. They issued an “outperform” rating for the company. UBS Group set a $50.00 price target on Halliburton and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Credit Suisse Group set a $51.00 price target on Halliburton and gave the stock a “buy” rating in a report on Thursday, September 6th. Finally, ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $51.36.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, research analysts anticipate that Halliburton will post 1.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, December 5th. Halliburton’s dividend payout ratio is currently 59.02%.
In other news, VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total value of $43,838.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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