2 weeks Ago By Defense World Staff
Brandes Investment Partners LP grew its position in shares of Halliburton ( NYSE:HAL – Free Report ) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,279,478 shares of the oilfield services company’s stock after acquiring an additional 560,325 shares during the quarter.
Halliburton accounts for 1.8% of Brandes Investment Partners LP’s holdings, making the stock its 18th biggest position. Brandes Investment Partners LP owned approximately 0.
48% of Halliburton worth $144,516,000 at the end of the most recent quarter. A number of other large investors have also recently bought and sold shares of HAL. Canada Pension Plan Investment Board raised its holdings in Halliburton by 146.
0% during the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock worth $28,455,000 after acquiring an additional 500,000 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Halliburton by 319.
0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock valued at $1,385,000 after purchasing an additional 28,137 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Halliburton during the first quarter worth $1,908,000.
GAMMA Investing LLC boosted its position in Halliburton by 10.9% during the first quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock worth $329,000 after purchasing an additional 819 shares during the period.
Finally, Stephens Inc. AR increased its holdings in shares of Halliburton by 622.1% in the fourth quarter.
Stephens Inc. AR now owns 66,741 shares of the oilfield services company’s stock valued at $2,413,000 after purchasing an additional 57,499 shares during the last quarter. Institutional investors and hedge funds own 85.
23% of the company’s stock. Analyst Ratings Changes HAL has been the subject of several research analyst reports. StockNews.
com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Wells Fargo & Company reduced their price objective on Halliburton from $46.00 to $39.
00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Barclays lowered their target price on Halliburton from $54.00 to $48.
00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Evercore ISI reduced their price target on Halliburton from $52.00 to $48.
00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their target price on Halliburton from $47.00 to $40.
00 and set a “buy” rating for the company in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.
56. Insiders Place Their Bets In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th.
The stock was sold at an average price of $36.75, for a total transaction of $367,500.00.
Following the completion of the transaction, the executive vice president now directly owns 273,908 shares in the company, valued at approximately $10,066,119. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.
61% of the stock is currently owned by company insiders. Halliburton Stock Performance Shares of HAL stock opened at $28.65 on Monday.
The company has a market capitalization of $25.36 billion, a P/E ratio of 9.91, a PEG ratio of 1.
02 and a beta of 1.89. Halliburton has a fifty-two week low of $27.
52 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.
76, a quick ratio of 1.54 and a current ratio of 2.13.
The stock has a 50 day moving average price of $30.82 and a two-hundred day moving average price of $34.57.
Halliburton ( NYSE:HAL – Get Free Report ) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.
80. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.
95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.
97%. The company’s quarterly revenue was up .6% on a year-over-year basis.
During the same quarter in the previous year, the business posted $0.77 EPS. Analysts expect that Halliburton will post 3.
14 earnings per share for the current year. Halliburton Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.
17 per share. This represents a $0.68 annualized dividend and a yield of 2.
37%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio is currently 23.
53%. About Halliburton ( Free Report ) Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation.
The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems. Recommended Stories Five stocks we like better than Halliburton Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness 3 Bargain Stocks Under $20 With Major Growth Potential EV Stocks and How to Profit from Them Top 5 ETFs to Own Now and Into 2025 How to Effectively Use the MarketBeat Ratings Screener Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton ( NYSE:HAL – Free Report ).
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