Suntrust Banks Inc. reduced its stake in Halliburton (NYSE:HAL) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,568 shares of the oilfield services company’s stock after selling 8,700 shares during the quarter. Suntrust Banks Inc.’s holdings in Halliburton were worth $4,815,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Halliburton by 3.9% in the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock valued at $3,119,761,000 after acquiring an additional 2,421,658 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after acquiring an additional 1,427,985 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after acquiring an additional 384,565 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Halliburton by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock valued at $578,622,000 after acquiring an additional 500,982 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Halliburton by 1.5% in the fourth quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock valued at $432,855,000 after acquiring an additional 130,567 shares in the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.
Shares of Halliburton (HAL) opened at $48.00 on Monday. The company has a market capitalization of $42,389.38, a PE ratio of -91.42, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders 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 1.50%. Halliburton’s dividend payout ratio is presently -135.85%.
In other news, insider James S. Brown sold 29,485 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 129,646 shares in the company, valued at $5,705,720.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the sale, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold 155,407 shares of company stock valued at $8,004,144 over the last 90 days. 0.47% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on HAL. BMO Capital Markets set a $63.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Loop Capital restated a “buy” rating and issued a $69.00 price objective (up from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Jefferies Group set a $57.00 target price on Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. B. Riley reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. Finally, Zacks Investment Research lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $59.59.
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Halliburton Company Profile
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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