Halliburton Company $HAL Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of Halliburton Company (NYSE:HAL) by 55.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,246 shares of the oilfield services company’s stock after selling 16,794 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Halliburton were worth $319,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Halliburton by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after buying an additional 96,394 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Halliburton during the 3rd quarter valued at $1,775,000. Tejara Capital Ltd boosted its position in Halliburton by 98.8% during the 3rd quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock worth $3,305,000 after acquiring an additional 66,765 shares during the period. New York State Common Retirement Fund boosted its position in Halliburton by 12.8% during the 3rd quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock worth $40,480,000 after acquiring an additional 186,105 shares during the period. Finally, National Pension Service grew its stake in shares of Halliburton by 4.2% in the third quarter. National Pension Service now owns 1,474,135 shares of the oilfield services company’s stock worth $36,264,000 after purchasing an additional 59,754 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

HAL stock opened at $33.95 on Friday. Halliburton Company has a one year low of $18.72 and a one year high of $35.55. The firm has a 50-day moving average of $31.23 and a two-hundred day moving average of $26.55. The firm has a market capitalization of $28.44 billion, a PE ratio of 22.49, a P/E/G ratio of 2.04 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 (NYSE:HAL) last released its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion for 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 revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on HAL. TD Cowen lifted their price objective on shares of Halliburton from $39.00 to $40.00 and gave the company a “buy” 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 research note on Thursday, October 23rd. Barclays boosted their price target on shares of Halliburton from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. BMO Capital Markets increased their price objective on shares of Halliburton from $36.00 to $39.00 and gave the company a “market perform” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.95.

Insiders Place Their Bets

In other news, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction on 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 approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the company’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 transaction, the chief executive officer directly owned 1,101,243 shares in the company, valued at $38,499,455.28. The trade was a 13.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 337,002 shares of company stock worth $11,445,938. 0.56% of the stock is currently owned by corporate insiders.

About Halliburton

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.