Lafitte Capital Management LP acquired a new stake in Halliburton (NYSE:HAL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 370,000 shares of the oilfield services company’s stock, valued at approximately $18,082,000. Halliburton comprises 7.4% of Lafitte Capital Management LP’s investment portfolio, making the stock its 5th biggest position.
Other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC bought a new position in shares of Halliburton in the fourth quarter valued at approximately $163,920,000. Beutel Goodman & Co Ltd. bought a new position in shares of Halliburton in the fourth quarter valued at approximately $118,644,000. BlackRock Inc. lifted its holdings 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 purchasing an additional 2,421,658 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Halliburton in the fourth quarter valued at approximately $105,979,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Halliburton by 409.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock valued at $107,670,000 after purchasing an additional 1,770,781 shares in the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Jefferies Group set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Barclays set a $66.00 price target on Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Cowen reiterated a “hold” rating and set a $60.00 price target on shares of Halliburton in a report on Tuesday, January 23rd. B. Riley lifted their price target on Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Loop Capital reiterated a “buy” rating and set a $69.00 price target (up from $57.00) on shares of Halliburton in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.09.
Shares of Halliburton (NYSE:HAL) opened at $46.10 on Wednesday. The stock has a market capitalization of $41,050.77, a price-to-earnings ratio of -86.98, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. Halliburton has a one year low of $38.18 and a one year high of $57.86.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. equities research analysts predict that Halliburton will post 2.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently -135.85%.
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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