Schroder Investment Management Group Acquires 333,820 Shares of Halliburton (HAL)

Schroder Investment Management Group boosted its holdings in Halliburton (NYSE:HAL) by 216.3% in the 3rd quarter, Holdings Channel reports. The firm owned 488,168 shares of the oilfield services company’s stock after purchasing an additional 333,820 shares during the period. Schroder Investment Management Group’s holdings in Halliburton were worth $19,786,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investment Partners LTD. bought a new stake in Halliburton in the third quarter worth $249,000. Avestar Capital LLC lifted its stake in Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after purchasing an additional 2,180 shares during the last quarter. Sun Life Financial INC lifted its stake in Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after purchasing an additional 2,188 shares during the last quarter. Whitener Capital Management Inc. bought a new stake in Halliburton in the third quarter worth $106,000. Finally, Lee Financial Co bought a new stake in Halliburton in the third quarter worth $118,000. 79.96% of the stock is owned by institutional investors and hedge funds.

In related news, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Anne L. Beaty sold 1,210 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $43,838.30. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Shares of NYSE HAL opened at $31.43 on Friday. Halliburton has a 1 year low of $30.47 and a 1 year high of $57.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.73 and a current ratio of 2.31. The stock has a market cap of $27.53 billion, a P/E ratio of 25.76, a P/E/G ratio of 0.85 and a beta of 1.07.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. Halliburton’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 1.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, December 5th. Halliburton’s dividend payout ratio is currently 59.02%.

Several analysts have weighed in on the stock. Citigroup set a $45.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Friday. Societe Generale set a $42.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research note on Monday, October 22nd. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. UBS Group set a $50.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets lowered their price objective on shares of Halliburton from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $51.36.

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About Halliburton

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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