Capital International Inc. CA Grows Stock Position in Halliburton (NYSE:HAL)

Capital International Inc. CA lifted its stake in Halliburton (NYSE:HAL) by 22.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,367 shares of the oilfield services company’s stock after buying an additional 59,787 shares during the quarter. Capital International Inc. CA’s holdings in Halliburton were worth $12,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Rise Advisors LLC purchased a new position in shares of Halliburton in the 1st quarter valued at about $26,000. IAG Wealth Partners LLC purchased a new stake in shares of Halliburton in the first quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of Halliburton during the 4th quarter worth approximately $33,000. Princeton Global Asset Management LLC purchased a new position in shares of Halliburton during the 4th quarter valued at approximately $36,000. Finally, First United Bank & Trust acquired a new stake in Halliburton in the 4th quarter valued at $36,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now owns 283,908 shares in the company, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,287 shares of company stock valued at $2,298,204. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HAL. Barclays reduced their price target on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday. Stifel Nicolaus dropped their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Benchmark reiterated a “buy” rating and issued a $42.00 target price on shares of Halliburton in a research report on Monday. Royal Bank of Canada lowered their price target on shares of Halliburton from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.53.

Halliburton Stock Up 0.7 %

Halliburton stock traded up $0.24 during midday trading on Friday, hitting $34.40. The stock had a trading volume of 6,722,620 shares, compared to its average volume of 7,543,734. The business has a fifty day moving average price of $34.46 and a 200 day moving average price of $36.04. Halliburton has a 12 month low of $32.60 and a 12 month high of $43.85. The stock has a market cap of $30.45 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.11 and a beta of 1.93. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Research analysts predict that Halliburton will post 3.2 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. Halliburton’s payout ratio is currently 23.53%.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.