Osmosis Investment Management UK Ltd Invests $829,000 in Halliburton Company $HAL

Osmosis Investment Management UK Ltd bought a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,414 shares of the oilfield services company’s stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kelleher Financial Advisors purchased a new position in shares of Halliburton during the 3rd quarter valued at about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Halliburton in the second quarter worth about $25,000. Kilter Group LLC purchased a new stake in shares of Halliburton in the second quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Halliburton during the second quarter worth about $26,000. Finally, Silvant Capital Management LLC acquired a new stake in Halliburton during the second quarter worth about $28,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Capital One Financial raised their price objective on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. UBS Group cut their target price on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Susquehanna decreased their target price on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Finally, Rothschild & Co Redburn increased their price target on shares of Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $43.10.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Trading Down 2.0%

HAL stock opened at $34.63 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. Halliburton Company has a 12-month low of $21.40 and a 12-month high of $43.59. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.21 and a beta of 0.73. The business’s 50-day moving average is $33.88 and its 200 day moving average is $36.54.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.Halliburton’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. On average, sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, September 2nd. Halliburton’s payout ratio is presently 35.60%.

Halliburton Company Profile

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.