Sirios Capital Management L P decreased its stake in Halliburton (NYSE:HAL) by 47.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 293,202 shares of the oilfield services company’s stock after selling 260,199 shares during the quarter. Sirios Capital Management L P’s holdings in Halliburton were worth $14,328,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in HAL. Madison Investment Holdings Inc. bought a new stake in shares of Halliburton during the 4th quarter worth approximately $4,875,000. Brown Advisory Inc. lifted its stake in shares of Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after acquiring an additional 8,362 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after acquiring an additional 50,932 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in shares of Halliburton by 94.3% during the 3rd quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock worth $631,000 after acquiring an additional 6,651 shares during the last quarter. Finally, Janney Capital Management LLC lifted its stake in shares of Halliburton by 19.0% during the 3rd quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock worth $14,357,000 after acquiring an additional 49,872 shares during the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.
In related news, Director Jeffrey Allen Miller sold 29,025 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James S. Brown sold 29,485 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $44.01, for a total value of $1,297,634.85. Following the transaction, the insider now owns 129,646 shares in the company, valued at $5,705,720.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,407 shares of company stock worth $8,004,144. 0.47% of the stock is owned by company insiders.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. research analysts anticipate that Halliburton will post 2.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.51%. Halliburton’s dividend payout ratio (DPR) is 194.59%.
A number of brokerages recently issued reports on HAL. Jefferies Group set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays set a $66.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Cowen reissued a “hold” rating and set a $60.00 price target on shares of Halliburton in a research note on Tuesday, January 23rd. B. Riley raised their price target on Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Sanford C. Bernstein set a $60.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.59.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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