Capital International Inc. CA Has $4.02 Million Stake in Halliburton Company $HAL

Capital International Inc. CA raised its position in Halliburton Company (NYSE:HAL) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,245 shares of the oilfield services company’s stock after purchasing an additional 22,840 shares during the period. Capital International Inc. CA’s holdings in Halliburton were worth $4,016,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new position in shares of Halliburton in the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in Halliburton in the 3rd quarter valued at approximately $32,000. Rakuten Securities Inc. boosted its position in Halliburton by 547.3% during the 2nd quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock worth $32,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in shares of Halliburton by 111.9% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company’s stock worth $35,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Zephirin Group lowered shares of Halliburton from a “buy” rating to a “hold” rating and cut their price objective for the stock from $30.00 to $28.00 in a research report on Friday, January 23rd. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Halliburton in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. Argus upped their target price on Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Piper Sandler increased their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.38.

Halliburton Price Performance

Shares of HAL opened at $35.93 on Thursday. The firm has a market capitalization of $30.09 billion, a PE ratio of 23.79, a PEG ratio of 2.11 and a beta of 0.73. 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 company’s 50-day moving average is $33.72 and its 200-day moving average is $28.29. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $37.03.

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

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, March 4th. Halliburton’s payout ratio is 45.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 2,600 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total transaction of $88,842.00. Following the sale, the director directly owned 14,043 shares in the company, valued at $479,849.31. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy Mckeon sold 3,846 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president directly owned 81,631 shares in the company, valued at approximately $2,805,657.47. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 331,994 shares of company stock valued at $11,331,187 over the last ninety days. 0.56% of the stock is owned by corporate 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.