Halliburton (NYSE:HAL) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Halliburton (NYSE:HALGet Rating) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 489,447 shares of the oilfield services company’s stock after purchasing an additional 44,534 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Halliburton worth $12,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Halliburton by 51.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,051 shares of the oilfield services company’s stock worth $2,044,000 after buying an additional 28,292 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Halliburton by 12.7% during the 3rd quarter. Ballentine Partners LLC now owns 21,233 shares of the oilfield services company’s stock worth $523,000 after buying an additional 2,390 shares in the last quarter. Martin & Co. Inc. TN bought a new stake in shares of Halliburton during the 3rd quarter worth about $4,360,000. Mirabella Financial Services LLP bought a new stake in shares of Halliburton during the 3rd quarter worth about $495,000. Finally, Truist Financial Corp boosted its stake in Halliburton by 7.7% during the third quarter. Truist Financial Corp now owns 60,377 shares of the oilfield services company’s stock valued at $1,486,000 after buying an additional 4,322 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 11,044 shares of Halliburton stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $39.50, for a total value of $436,238.00. Following the transaction, the executive vice president now directly owns 249,291 shares in the company, valued at $9,846,994.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Eric Carre sold 6,513 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $37.50, for a total transaction of $244,237.50. Following the transaction, the chief financial officer now directly owns 119,691 shares in the company, valued at $4,488,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Van H. Beckwith sold 11,044 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $39.50, for a total value of $436,238.00. Following the transaction, the executive vice president now owns 249,291 shares in the company, valued at $9,846,994.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,563 shares of company stock worth $1,233,392. Company insiders own 0.57% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $40.21 on Monday. Halliburton has a fifty-two week low of $23.30 and a fifty-two week high of $43.99. The business has a 50-day moving average of $37.41 and a two-hundred day moving average of $32.27. The stock has a market capitalization of $36.51 billion, a P/E ratio of 20.83 and a beta of 2.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52.

Halliburton (NYSE:HALGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The oilfield services company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Halliburton had a return on equity of 22.69% and a net margin of 9.16%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.33 billion. On average, equities research analysts predict that Halliburton will post 2.11 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Thursday, December 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.19%. Halliburton’s payout ratio is presently 24.87%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Halliburton from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, November 18th. Raymond James started coverage on shares of Halliburton in a research report on Friday, December 9th. They set a “strong-buy” rating and a $53.00 price objective on the stock. Susquehanna Bancshares raised their target price on Halliburton from $48.00 to $51.00 in a research report on Wednesday, October 26th. ATB Capital raised their target price on Halliburton to $49.00 in a research report on Thursday, October 27th. Finally, StockNews.com started coverage on Halliburton in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $44.05.

About Halliburton

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Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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