TD Waterhouse Canada Inc. Sells 255,900 Shares of Halliburton Company $HAL

TD Waterhouse Canada Inc. cut its holdings in shares of Halliburton Company (NYSE:HAL) by 66.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,709 shares of the oilfield services company’s stock after selling 255,900 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Halliburton were worth $3,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in Halliburton by 22.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after buying an additional 431 shares during the period. SBI Securities Co. Ltd. raised its holdings in Halliburton by 7.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock valued at $150,000 after acquiring an additional 504 shares during the period. Greenleaf Trust lifted its position in shares of Halliburton by 3.3% during the third quarter. Greenleaf Trust now owns 16,390 shares of the oilfield services company’s stock worth $403,000 after acquiring an additional 519 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Halliburton by 4.3% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock worth $277,000 after acquiring an additional 559 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Halliburton by 2.6% in the second quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after purchasing an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $33.52 on Friday. The company’s fifty day moving average price is $29.72 and its 200-day moving average price is $25.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.99 and a beta of 0.78. Halliburton Company has a one year low of $18.72 and a one year high of $35.55.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. On average, equities research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Analyst Ratings Changes

Several research analysts have commented on the company. HSBC set a $30.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. TD Cowen increased their price target on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Halliburton from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Zacks Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, UBS Group increased their target price on shares of Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $34.76.

Insider Activity

In other Halliburton news, Director Margaret Katherine Banks sold 2,600 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $34.17, for a total transaction of $88,842.00. Following the transaction, the director directly owned 14,043 shares in the company, valued at $479,849.31. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 497,002 shares of company stock worth $15,889,138. 0.56% of the stock is currently owned by insiders.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.