Point View Wealth Management Inc. increased its position in Halliburton Co. (NYSE:HAL) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 6,432 shares of the oilfield services company’s stock after buying an additional 178 shares during the period. Point View Wealth Management Inc.’s holdings in Halliburton were worth $289,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of HAL. Jennison Associates LLC increased its position in Halliburton by 58.1% in the third quarter. Jennison Associates LLC now owns 17,365,068 shares of the oilfield services company’s stock worth $779,344,000 after buying an additional 6,379,445 shares in the last quarter. FMR LLC increased its position in Halliburton by 40.1% in the second quarter. FMR LLC now owns 13,373,769 shares of the oilfield services company’s stock worth $605,699,000 after buying an additional 3,829,088 shares in the last quarter. Capital World Investors increased its position in Halliburton by 13.4% in the second quarter. Capital World Investors now owns 29,055,680 shares of the oilfield services company’s stock worth $1,315,932,000 after buying an additional 3,440,198 shares in the last quarter. Bank of Montreal Can bought a new position in Halliburton during the second quarter worth $126,987,000. Finally, Schroder Investment Management Group increased its position in Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock worth $112,022,000 after buying an additional 2,059,670 shares in the last quarter. 80.34% of the stock is currently owned by institutional investors.
Halliburton Co. (NYSE:HAL) traded up 0.08% on Friday, hitting $49.51. 2,736,253 shares of the stock traded hands. The company’s 50 day moving average price is $47.64 and its 200-day moving average price is $44.44. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $50.49. The stock’s market capitalization is $42.80 billion.
Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm’s quarterly revenue was down 31.3% compared to the same quarter last year. Analysts predict that Halliburton Co. will post ($0.05) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, December 5th. Halliburton’s payout ratio is -10.98%.
HAL has been the topic of a number of research reports. Loop Capital initiated coverage on shares of Halliburton in a research note on Friday, September 30th. They issued a “buy” rating on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $58.00 target price (up previously from $50.00) on shares of Halliburton in a research note on Sunday, October 23rd. Vetr downgraded shares of Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price on the stock. in a research note on Tuesday, September 6th. Guggenheim reissued a “sell” rating on shares of Halliburton in a research note on Wednesday, August 31st. Finally, Citigroup Inc. raised their target price on shares of Halliburton from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.81.
In related news, insider Joe D. Rainey sold 23,162 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $50.23, for a total transaction of $1,163,427.26. Following the transaction, the insider now owns 185,819 shares in the company, valued at approximately $9,333,688.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David J. Lesar sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $49.99, for a total transaction of $499,900.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.