Fisher Asset Management LLC Boosts Position in Halliburton Company $HAL

Fisher Asset Management LLC increased its position in shares of Halliburton Company (NYSE:HAL) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,504 shares of the oilfield services company’s stock after purchasing an additional 21,173 shares during the period. Fisher Asset Management LLC owned 0.05% of Halliburton worth $8,977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in shares of Halliburton during the 1st quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in Halliburton during the first quarter worth $37,000. CVA Family Office LLC raised its position in Halliburton by 94.8% in the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 916 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Halliburton by 252.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 1,428 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Zephirin Group lifted their price target on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Redburn Partners set a $35.00 price target on shares of Halliburton in a research note on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Finally, Rothschild & Co Redburn started coverage on shares of Halliburton in a report on Monday, November 3rd. They issued a “buy” rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Halliburton Trading Up 1.8%

Shares of HAL stock opened at $27.40 on Thursday. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $31.63. The company has a 50 day moving average price of $25.60 and a 200 day moving average price of $23.00. The stock has a market capitalization of $23.06 billion, a P/E ratio of 18.15 and a beta of 0.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

About Halliburton

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.