Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Halliburton (NYSE:HAL – Get Rating) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,947 shares of the oilfield services company’s stock after selling 519 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Halliburton were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in HAL. Coston McIsaac & Partners acquired a new position in Halliburton during the 2nd quarter worth approximately $28,000. Bogart Wealth LLC lifted its holdings in shares of Halliburton by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after purchasing an additional 575 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new stake in Halliburton in the 2nd quarter valued at $29,000. Hanseatic Management Services Inc. increased its stake in Halliburton by 74.1% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,266 shares of the oilfield services company’s stock valued at $31,000 after purchasing an additional 539 shares in the last quarter. Finally, IMA Wealth Inc. raised its holdings in Halliburton by 257.7% during the second quarter. IMA Wealth Inc. now owns 1,073 shares of the oilfield services company’s stock worth $34,000 after buying an additional 773 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.
Insider Buying and Selling
In other Halliburton news, EVP Van H. Beckwith sold 9,006 shares of the business’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total transaction of $339,976.50. Following the sale, the executive vice president now owns 234,691 shares of the company’s stock, valued at approximately $8,859,585.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Van H. Beckwith sold 9,006 shares of Halliburton stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $37.75, for a total value of $339,976.50. Following the completion of the transaction, the executive vice president now directly owns 234,691 shares in the company, valued at $8,859,585.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric Carre sold 6,513 shares of the stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $37.50, for a total value of $244,237.50. Following the sale, the chief financial officer now directly owns 119,691 shares in the company, valued at approximately $4,488,412.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,922 shares of company stock valued at $2,200,185. Company insiders own 0.57% of the company’s stock.
Halliburton Stock Performance
Halliburton (NYSE:HAL – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The company had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.59 billion. Halliburton had a return on equity of 26.25% and a net margin of 7.74%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, analysts expect that Halliburton will post 3.08 earnings per share for the current year.
Halliburton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.16 per share. This is a boost from Halliburton’s previous quarterly dividend of $0.12. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, February 28th. Halliburton’s dividend payout ratio is presently 27.75%.
Wall Street Analysts Forecast Growth
HAL has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Halliburton from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 4th. StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research note on Wednesday, January 25th. Wells Fargo & Company lifted their target price on Halliburton from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Wolfe Research raised Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Thursday, January 12th. Finally, HSBC lifted their price objective on shares of Halliburton from $43.90 to $57.00 and gave the stock a “buy” rating in a report on Monday, January 30th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $48.67.
Halliburton Profile
Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.
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