Signaturefd LLC grew its stake in Halliburton (NYSE:HAL – Get Rating) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,490 shares of the oilfield services company’s stock after acquiring an additional 1,626 shares during the quarter. Signaturefd LLC’s holdings in Halliburton were worth $413,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Halliburton by 10.2% in the third quarter. Quadrant Capital Group LLC now owns 4,233 shares of the oilfield services company’s stock worth $104,000 after purchasing an additional 393 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Halliburton in the third quarter worth $861,000. Utah Retirement Systems raised its stake in shares of Halliburton by 0.4% in the third quarter. Utah Retirement Systems now owns 160,740 shares of the oilfield services company’s stock worth $3,957,000 after purchasing an additional 600 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Halliburton in the fourth quarter worth $27,000. Finally, Stephens Inc. AR purchased a new position in shares of Halliburton in the fourth quarter worth $311,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Insider Transactions at Halliburton
In related news, EVP Van H. Beckwith sold 4,493 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was sold at an average price of $40.41, for a total transaction of $181,562.13. Following the completion of the transaction, the executive vice president now directly owns 191,334 shares of the company’s stock, valued at $7,731,806.94. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Van H. Beckwith sold 4,493 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was sold at an average price of $40.41, for a total transaction of $181,562.13. Following the completion of the transaction, the executive vice president now directly owns 191,334 shares of the company’s stock, valued at $7,731,806.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Van H. Beckwith sold 4,295 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $42.60, for a total value of $182,967.00. Following the transaction, the executive vice president now directly owns 245,731 shares of the company’s stock, valued at $10,468,140.60. The disclosure for this sale can be found here. Insiders sold a total of 11,557 shares of company stock valued at $471,939 over the last 90 days. Company insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
Halliburton Stock Performance
NYSE HAL opened at $33.63 on Friday. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.25 and a beta of 2.11. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $34.77 and a 200-day moving average price of $35.77. Halliburton has a twelve month low of $23.30 and a twelve month high of $43.99.
Halliburton (NYSE:HAL – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm 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 business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that Halliburton will post 3.06 EPS for the current fiscal year.
Halliburton Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 1st were paid a $0.16 dividend. This is a positive change from Halliburton’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.90%. Halliburton’s dividend payout ratio is 36.99%.
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 Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
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