135,800 Shares in Halliburton Company $HAL Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in shares of Halliburton Company (NYSE:HAL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 135,800 shares of the oilfield services company’s stock, valued at approximately $3,341,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Halliburton during the second quarter worth approximately $109,379,000. AQR Capital Management LLC increased its position in Halliburton by 85.5% during the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after acquiring an additional 3,969,759 shares during the period. Schroder Investment Management Group raised its stake in Halliburton by 762.7% during the 2nd quarter. Schroder Investment Management Group now owns 3,265,132 shares of the oilfield services company’s stock valued at $66,543,000 after purchasing an additional 2,886,666 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company’s stock valued at $249,803,000 after purchasing an additional 1,906,724 shares during the period. Finally, Brandes Investment Partners LP grew its position in Halliburton by 37.7% in the 2nd quarter. Brandes Investment Partners LP now owns 6,625,668 shares of the oilfield services company’s stock worth $135,031,000 after purchasing an additional 1,814,649 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $1,900,006.08. Following the transaction, the executive vice president directly owned 344,535 shares in the company, valued at approximately $12,044,943.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction on Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director directly owned 14,043 shares of the company’s stock, valued at $479,849.31. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 337,002 shares of company stock worth $11,445,938 in the last quarter. 0.56% of the stock is owned by corporate insiders.

Halliburton Price Performance

Shares of HAL stock opened at $35.32 on Friday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $35.61. The stock has a market capitalization of $29.58 billion, a PE ratio of 23.39, a PEG ratio of 2.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The stock’s fifty day moving average is $31.69 and its 200-day moving average is $26.88.

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

Halliburton Dividend Announcement

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

Wall Street Analyst Weigh In

HAL has been the subject of a number of research analyst reports. Argus upped their price objective on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Stifel Nicolaus set a $36.00 price target on Halliburton in a report on Thursday, January 22nd. Rothschild & Co Redburn set a $35.00 price objective on Halliburton in a report on Monday, November 3rd. Piper Sandler boosted their price objective on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Halliburton in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.95.

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.