Trade Report: Today, Pzena Investment Management LLC Reached $140,256,000 position of Halliburton Co. (HAL)

Today, Pzena Investment Management LLC Reached $140,256,000 position  of Halliburton Co. (HAL)

Pzena Investment Management LLC reduced its position in shares of Halliburton Co. (NYSE:HAL) by 14.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,125,142 shares of the oilfield services company’s stock after selling 511,131 shares during the period. Pzena Investment Management LLC’s holdings in Halliburton were worth $140,256,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Research Global Investors increased its position in shares of Halliburton by 2.5% in the second quarter. Capital Research Global Investors now owns 57,462,943 shares of the oilfield services company’s stock worth $2,602,497,000 after buying an additional 1,426,237 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Halliburton by 2.0% in the second quarter. Vanguard Group Inc. now owns 53,056,563 shares of the oilfield services company’s stock worth $2,402,932,000 after buying an additional 1,024,207 shares during the last quarter. State Street Corp increased its position in shares of Halliburton by 1.1% in the second quarter. State Street Corp now owns 40,360,728 shares of the oilfield services company’s stock worth $1,827,936,000 after buying an additional 449,869 shares during the last quarter. Capital World Investors increased its position in shares of 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 during the last quarter. Finally, Waddell & Reed Financial Inc. increased its position in shares of Halliburton by 11.9% in the second quarter. Waddell & Reed Financial Inc. now owns 18,587,275 shares of the oilfield services company’s stock worth $841,818,000 after buying an additional 1,981,618 shares during the last quarter. 78.27% of the stock is currently owned by institutional investors.

Halliburton Co. (NYSE:HAL) opened at 48.80 on Tuesday. Halliburton Co. has a one year low of $27.64 and a one year high of $50.49. The firm’s 50-day moving average is $47.85 and its 200 day moving average is $44.66. The firm’s market capitalization is $42.19 billion.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was down 31.3% on a year-over-year basis. Analysts forecast that Halliburton Co. will post ($0.05) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, December 5th. Halliburton’s payout ratio is presently -10.98%.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday. Bank of America Corp. restated a “buy” rating on shares of Halliburton in a research note on Friday, November 18th. Vetr upgraded shares of Halliburton from a “sell” rating to a “hold” rating and set a $46.86 price objective for the company in a research note on Tuesday, October 25th. Societe Generale reaffirmed a “buy” rating and issued a $58.00 target price on shares of Halliburton in a report on Sunday, October 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $58.00 target price (up from $50.00) on shares of Halliburton in a report on Sunday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.81.

In related news, Chairman David J. Lesar sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $49.99, for a total transaction of $499,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joe D. Rainey sold 23,162 shares of the business’s stock in a transaction that occurred on 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 directly owns 185,819 shares in the company, valued at $9,333,688.37. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

About Halliburton

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.

Related posts

Leave a Comment