Today The Halliburton Company (HAL) Shares Bought by Jennison Associates LLC

Today The Halliburton Company (HAL) Shares Bought by Jennison Associates LLC

Jennison Associates LLC boosted its stake in shares of Halliburton Company (NYSE:HAL) by 58.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,365,068 shares of the oilfield services company’s stock after buying an additional 6,379,445 shares during the period. Jennison Associates LLC’s holdings in Halliburton Company were worth $779,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. Johnson Financial Group Inc. raised its position in shares of Halliburton Company by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock valued at $103,000 after buying an additional 772 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Halliburton Company by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock valued at $104,000 after buying an additional 379 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Halliburton Company by 31.5% in the third quarter. FTB Advisors Inc. now owns 2,430 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 582 shares in the last quarter. Citizens Financial Group Inc RI raised its position in shares of Halliburton Company by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock valued at $117,000 after buying an additional 648 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its position in shares of Halliburton Company by 1,290.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,795 shares of the oilfield services company’s stock valued at $127,000 after buying an additional 2,594 shares in the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) opened at 56.62 on Wednesday. Halliburton Company has a one year low of $27.96 and a one year high of $56.98. The firm has a 50-day moving average of $54.84 and a 200-day moving average of $47.79. The company’s market cap is $48.95 billion.

Halliburton Company (NYSE:HAL) last released its earnings results on Monday, January 23rd. The oilfield services company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Halliburton Company had a negative net margin of 36.28% and a negative return on equity of 0.15%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. Equities research analysts forecast that Halliburton Company will post $1.10 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, December 5th. Halliburton Company’s dividend payout ratio (DPR) is presently -10.75%.

HAL has been the subject of several recent research reports. Zacks Investment Research raised shares of Halliburton Company from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Monday, November 21st. Citigroup Inc. boosted their target price on shares of Halliburton Company from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. FBR & Co boosted their target price on shares of Halliburton Company from $53.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, October 14th. Scotiabank raised shares of Halliburton Company to a “buy” rating and set a $62.00 target price for the company in a research report on Thursday, December 15th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Halliburton Company in a research report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirty-five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.10.

In other news, President Jeffrey Allen Miller sold 3,166 shares of the business’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $56.19, for a total value of $177,897.54. Following the transaction, the president now owns 301,188 shares of the company’s stock, valued at $16,923,753.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joe D. Rainey sold 23,162 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $50.23, for a total transaction of $1,163,427.26. Following the completion of the transaction, the insider now directly owns 185,819 shares in the company, valued at approximately $9,333,688.37. The disclosure for this sale can be found here. Insiders sold 130,435 shares of company stock worth $6,991,438 in the last three months. Insiders own 0.46% of the company’s stock.

About Halliburton Company

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL).

Related posts

Leave a Comment