Quarry LP acquired a new position in shares of Halliburton (NYSE:HAL – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,436 shares of the oilfield services company’s stock, valued at approximately $184,000.
Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in Halliburton by 146.0% during the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after buying an additional 500,000 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Halliburton by 319.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock valued at $1,385,000 after purchasing an additional 28,137 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Halliburton in the 1st quarter worth about $1,908,000. GAMMA Investing LLC boosted its position in Halliburton by 10.9% during the first quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock worth $329,000 after purchasing an additional 819 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Halliburton by 622.1% in the fourth quarter. Stephens Inc. AR now owns 66,741 shares of the oilfield services company’s stock valued at $2,413,000 after purchasing an additional 57,499 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.
Halliburton Stock Performance
NYSE:HAL opened at $29.05 on Tuesday. The company’s 50-day moving average is $30.73 and its two-hundred day moving average is $34.51. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a 1-year low of $27.52 and a 1-year high of $43.85.
Halliburton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Susquehanna decreased their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, July 22nd. Bank of America decreased their price objective on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays cut their target price on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Finally, The Goldman Sachs Group reduced their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.56.
Check Out Our Latest Report on Halliburton
Insider Activity at Halliburton
In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by insiders.
Halliburton Profile
Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.
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