National Pension Service Raises Position in Halliburton Company $HAL

National Pension Service raised its position in Halliburton Company (NYSE:HAL) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,474,135 shares of the oilfield services company’s stock after buying an additional 59,754 shares during the period. National Pension Service owned about 0.18% of Halliburton worth $36,264,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the transaction, the executive vice president owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 1,101,243 shares in the company, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 497,002 shares of company stock valued at $15,889,138 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Stock Down 2.2%

Halliburton stock opened at $32.77 on Tuesday. The firm has a market capitalization of $27.58 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.00 and a beta of 0.77. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $35.55. The stock’s fifty day simple moving average is $29.86 and its 200-day simple moving average is $25.83.

Halliburton (NYSE:HAL) last released its earnings results 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 firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.Halliburton’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a yield of 2.1%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America increased their target price on shares of Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus set a $36.00 target price on shares of Halliburton in a research note on Thursday, January 22nd. Rothschild Redb upgraded Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Piper Sandler increased their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.76.

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.