Mutual of America Capital Management LLC reduced its position in shares of Halliburton (NYSE:HAL – Free Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,359 shares of the oilfield services company’s stock after selling 345 shares during the period. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $4,093,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HAL. Norges Bank acquired a new position in Halliburton during the 4th quarter valued at $457,245,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Halliburton by 123.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after purchasing an additional 8,791,319 shares during the last quarter. Morgan Stanley raised its stake in Halliburton by 65.5% during the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after purchasing an additional 6,815,373 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Halliburton by 30.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,428,444 shares of the oilfield services company’s stock valued at $449,709,000 after purchasing an additional 2,682,418 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Halliburton during the 4th quarter valued at $99,039,000. 84.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on HAL. Capital One Financial initiated coverage on shares of Halliburton in a research note on Wednesday, June 7th. They set an “overweight” rating and a $41.00 target price for the company. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. HSBC dropped their price objective on shares of Halliburton from $57.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, July 21st. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $50.00 to $45.00 in a research note on Thursday, July 20th. Finally, UBS Group dropped their price objective on shares of Halliburton from $49.00 to $46.00 in a research note on Monday, July 3rd. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.47.
Halliburton Stock Down 0.3 %
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 19th. The oilfield services company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Halliburton had a net margin of 10.98% and a return on equity of 31.01%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 14.3% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 3.04 EPS for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, June 6th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.
Insider Activity
In other news, CEO Jeffrey Allen Miller sold 271,283 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $30.25, for a total value of $8,206,310.75. Following the transaction, the chief executive officer now owns 829,230 shares of the company’s stock, valued at approximately $25,084,207.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey Allen Miller sold 271,283 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $30.25, for a total value of $8,206,310.75. Following the transaction, the chief executive officer now owns 829,230 shares of the company’s stock, valued at approximately $25,084,207.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Charles Jr. Geer sold 12,065 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $30.60, for a total transaction of $369,189.00. Following the completion of the transaction, the chief accounting officer now directly owns 52,817 shares in the company, valued at approximately $1,616,200.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 363,623 shares of company stock valued at $11,429,183. 0.60% of the stock is currently owned by insiders.
Halliburton Profile
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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