Capital International Sarl Has $2.20 Million Holdings in Halliburton Company $HAL

by · The Markets Daily

Capital International Sarl raised its position in shares of Halliburton Company (NYSE:HALFree Report) by 243.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 77,742 shares of the oilfield services company’s stock after purchasing an additional 55,114 shares during the quarter. Capital International Sarl’s holdings in Halliburton were worth $2,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Inc. CA increased its position in Halliburton by 14.1% during the 4th quarter. Capital International Inc. CA now owns 186,310 shares of the oilfield services company’s stock valued at $5,265,000 after purchasing an additional 23,065 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Halliburton during the 4th quarter valued at approximately $103,000. Cookson Peirce & Co. Inc. boosted its holdings in shares of Halliburton by 164.0% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 108,397 shares of the oilfield services company’s stock worth $3,063,000 after buying an additional 67,343 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Halliburton during the 4th quarter worth approximately $743,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Halliburton by 33.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 56,570 shares of the oilfield services company’s stock worth $1,599,000 after buying an additional 14,299 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In other news, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the sale, the executive vice president directly owned 146,186 shares of the company’s stock, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the sale, the director directly owned 15,250 shares of the company’s stock, valued at approximately $636,230. This represents a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 416,991 shares of company stock worth $16,846,948. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $47.00 price target on shares of Halliburton in a report on Sunday, April 26th. HSBC increased their price target on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. TD Cowen increased their price target on Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley increased their price target on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.27.

View Our Latest Report on Halliburton

Halliburton Trading Down 0.2%

NYSE HAL opened at $39.12 on Monday. The firm has a market capitalization of $32.68 billion, a P/E ratio of 21.49, a PEG ratio of 1.69 and a beta of 0.70. The business has a fifty day simple moving average of $39.77 and a 200 day simple moving average of $34.61. Halliburton Company has a 12 month low of $20.09 and a 12 month high of $43.59. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. On average, analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

Halliburton Company Profile

(Free Report)

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

Further Reading

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