TD Asset Management Inc Boosts Stake in Halliburton (NYSE:HAL)

TD Asset Management Inc lifted its position in Halliburton (NYSE:HALFree Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,337 shares of the oilfield services company’s stock after purchasing an additional 16,860 shares during the quarter. TD Asset Management Inc’s holdings in Halliburton were worth $11,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. United Services Automobile Association boosted its holdings in shares of Halliburton by 11.3% in the 4th quarter. United Services Automobile Association now owns 26,172 shares of the oilfield services company’s stock worth $946,000 after purchasing an additional 2,653 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of Halliburton in the 4th quarter worth about $1,685,000. Westfield Capital Management Co. LP boosted its holdings in shares of Halliburton by 29.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 967,163 shares of the oilfield services company’s stock worth $34,963,000 after purchasing an additional 218,227 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Halliburton in the 4th quarter worth about $33,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Halliburton by 3.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 240,142 shares of the oilfield services company’s stock worth $8,681,000 after purchasing an additional 7,807 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 5.3 %

HAL opened at $34.75 on Tuesday. The stock has a market cap of $30.76 billion, a PE ratio of 12.02, a PEG ratio of 0.93 and a beta of 1.93. The business has a 50 day moving average of $38.16 and a 200-day moving average of $36.74. Halliburton has a 52 week low of $30.04 and a 52 week high of $43.85. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HALGet Free Report) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. Equities research analysts predict that Halliburton will post 3.39 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insiders Place Their Bets

In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the transaction, the insider now directly owns 130,783 shares in the company, valued at $4,828,508.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,287 shares of company stock valued at $1,930,704. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAL. Citigroup upped their price objective on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Susquehanna reissued a “positive” rating and issued a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th. TD Cowen boosted their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $48.59.

Get Our Latest Report on HAL

Halliburton Profile

(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.

See Also

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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