Bain Capital Public Equity Management LLC purchased a new stake in shares of Halliburton (NYSE:HAL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 398,815 shares of the oilfield services company’s stock, valued at approximately $19,490,000. Halliburton comprises approximately 1.4% of Bain Capital Public Equity Management LLC’s holdings, making the stock its 21st largest holding.
Other hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $128,000. Cerebellum GP LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $131,000. Icon Wealth Partners LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $147,000. Fuller & Thaler Asset Management Inc. purchased a new position in Halliburton during the third quarter valued at approximately $184,000. Finally, Nicolet Bankshares Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $193,000. Institutional investors own 79.42% of the company’s stock.
Several research analysts recently weighed in on HAL shares. Cowen reiterated a “hold” rating and set a $60.00 price target on shares of Halliburton in a research report on Tuesday, January 23rd. Jefferies Group set a $57.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Thursday, January 4th. BMO Capital Markets restated a “buy” rating and issued a $58.00 price objective on shares of Halliburton in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Bank of America cut Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Halliburton presently has a consensus rating of “Buy” and a consensus target price of $59.09.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion for 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 was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. research analysts predict that Halliburton will post 2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio is presently 194.59%.
In other Halliburton news, insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now owns 18,612 shares of the company’s stock, valued at $911,801.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the transaction, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders sold 125,922 shares of company stock worth $6,706,509 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.
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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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