Halliburton Company (HAL) Shares Sold by Twin Capital Management Inc.
Twin Capital Management Inc. cut its position in Halliburton Company (NYSE:HAL) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 115,400 shares of the oilfield services company’s stock after selling 420 shares during the period. Twin Capital Management Inc.’s holdings in Halliburton Company were worth $5,679,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Halliburton Company by 3.9% in the fourth quarter. State Street Corp now owns 43,502,481 shares of the oilfield services company’s stock valued at $2,353,046,000 after buying an additional 1,635,447 shares during the period. FMR LLC boosted its stake in shares of Halliburton Company by 22.5% in the fourth quarter. FMR LLC now owns 13,605,760 shares of the oilfield services company’s stock valued at $735,936,000 after buying an additional 2,500,311 shares during the period. Norges Bank purchased a new stake in shares of Halliburton Company during the fourth quarter valued at about $488,738,000. Putnam Investments LLC boosted its stake in shares of Halliburton Company by 183.6% in the fourth quarter. Putnam Investments LLC now owns 3,803,227 shares of the oilfield services company’s stock valued at $205,716,000 after buying an additional 2,462,332 shares during the period. Finally, Discovery Capital Management LLC CT purchased a new stake in shares of Halliburton Company during the fourth quarter valued at about $193,469,000. 79.44% of the stock is currently owned by institutional investors.
Halliburton Company (NYSE HAL) opened at 44.27 on Friday. The stock has a 50 day moving average price of $45.62 and a 200 day moving average price of $51.03. The stock’s market capitalization is $38.42 billion. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $58.78.
Halliburton Company (NYSE:HAL) last posted its earnings results on Monday, April 24th. The oilfield services company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative return on equity of 0.48% and a negative net margin of 21.19%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts forecast that Halliburton Company will post $0.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, June 5th. Halliburton Company’s payout ratio is currently -18.32%.
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HAL has been the topic of several recent research reports. Citigroup Inc. reaffirmed an “overweight” rating and set a $64.00 price objective (up from $63.00) on shares of Halliburton Company in a report on Saturday, March 11th. Cowen and Company decreased their price objective on Halliburton Company from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Halliburton Company in a report on Monday, April 3rd. FBR & Co upped their price objective on Halliburton Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Finally, HSBC Holdings plc initiated coverage on Halliburton Company in a report on Wednesday, April 19th. They set a “buy” rating and a $65.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $61.13.
In other news, Director William E. Albrecht bought 8,000 shares of Halliburton Company stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $46.33 per share, with a total value of $370,640.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $370,640. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Allen Miller sold 725 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $50.28, for a total value of $36,453.00. Following the completion of the sale, the director now directly owns 299,777 shares of the company’s stock, valued at $15,072,787.56. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
About Halliburton Company
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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