Banco Bilbao Vizcaya Argentaria S.A. Has $5.18 Million Stock Position in Halliburton Company $HAL

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Halliburton Company (NYSE:HAL) by 24.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 210,801 shares of the oilfield services company’s stock after purchasing an additional 41,765 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Halliburton were worth $5,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in shares of Halliburton by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 1,783,138 shares of the oilfield services company’s stock valued at $43,865,000 after purchasing an additional 72,886 shares during the last quarter. BNP Paribas raised its stake in shares of Halliburton by 5.8% during the third quarter. BNP Paribas now owns 87,735 shares of the oilfield services company’s stock worth $2,158,000 after buying an additional 4,795 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in Halliburton by 157.9% in the third quarter. Boothbay Fund Management LLC now owns 39,021 shares of the oilfield services company’s stock valued at $960,000 after buying an additional 23,893 shares during the period. Alliancebernstein L.P. lifted its holdings in Halliburton by 10.2% in the third quarter. Alliancebernstein L.P. now owns 1,239,853 shares of the oilfield services company’s stock valued at $30,500,000 after buying an additional 115,009 shares during the period. Finally, Creative Planning boosted its stake in Halliburton by 36.6% in the third quarter. Creative Planning now owns 290,337 shares of the oilfield services company’s stock valued at $7,142,000 after acquiring an additional 77,805 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL stock opened at $34.15 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $37.03. The firm has a fifty day moving average of $33.98 and a 200-day moving average of $28.59. The firm has a market capitalization of $28.60 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.73.

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

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Insider Activity at Halliburton

In other news, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the transaction, the executive vice president owned 419,800 shares in the company, valued at $13,538,550. The trade was a 19.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the transaction, the chief executive officer owned 1,101,243 shares of the company’s stock, valued at $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 331,994 shares of company stock valued at $11,331,187 over the last 90 days. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on HAL shares. The Goldman Sachs Group lifted their target price on shares of Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. UBS Group raised their price target on Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Evercore lifted their price objective on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on Halliburton from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Finally, Susquehanna increased their target price on Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. One equities research 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

Halliburton 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.