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

Robeco Institutional Asset Management B.V. raised its holdings in Halliburton (NYSE:HAL – Get Rating) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 489,447 shares of the oilfield services company’s stock after acquiring an additional 44,534 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Halliburton worth $12,051,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Coston McIsaac & Partners acquired a new stake in Halliburton in the 2nd quarter valued at about $28,000. Bogart Wealth LLC increased its holdings in shares of Halliburton by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after buying an additional 575 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Halliburton during the 2nd quarter worth approximately $29,000. Hanseatic Management Services Inc. increased its holdings in shares of Halliburton by 74.1% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,266 shares of the oilfield services company’s stock worth $31,000 after buying an additional 539 shares during the last quarter. Finally, IMA Wealth Inc. increased its holdings in shares of Halliburton by 257.7% during the 2nd quarter. IMA Wealth Inc. now owns 1,073 shares of the oilfield services company’s stock worth $34,000 after buying an additional 773 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Halliburton from $45.00 to $48.00 in a research report on Wednesday, January 25th. Wolfe Research raised shares of Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Thursday, January 12th. HSBC lifted their price objective on shares of Halliburton from $43.90 to $57.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. StockNews.com began coverage on shares of Halliburton in a research report on Thursday. They set a “buy” rating for the company. Finally, Susquehanna reaffirmed a “positive” rating and set a $57.00 price objective on shares of Halliburton in a research report on Tuesday, March 14th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.67.

Halliburton Trading Down 3.4 %

NYSE HAL opened at $29.95 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 2.05. The firm has a market cap of $27.08 billion, a PE ratio of 17.31, a P/E/G ratio of 0.23 and a beta of 2.12. Halliburton has a one year low of $23.30 and a one year high of $43.99. The firm’s fifty day moving average is $38.24 and its two-hundred day moving average is $35.32.

Halliburton (NYSE:HAL – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The oilfield services company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. Halliburton had a net margin of 7.74% and a return on equity of 26.25%. Halliburton’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts expect that Halliburton will post 3.09 earnings per share for the current year.

Halliburton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be paid a $0.16 dividend. The ex-dividend date is Tuesday, February 28th. This is a positive change from Halliburton’s previous quarterly dividend of $0.12. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%. Halliburton’s payout ratio is currently 36.99%.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 9,006 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total value of $339,976.50. Following the sale, the executive vice president now owns 234,691 shares of the company’s stock, valued at $8,859,585.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $42.60, for a total value of $182,967.00. Following the sale, the executive vice president now owns 245,731 shares of the company’s stock, valued at $10,468,140.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Van H. Beckwith sold 9,006 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total transaction of $339,976.50. Following the completion of the sale, the executive vice president now directly owns 234,691 shares in the company, valued at approximately $8,859,585.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,878 shares of company stock worth $1,763,947. 0.57% of the stock is owned by company insiders.

Halliburton Profile

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.