Nan Shan Life Insurance Co. Ltd. boosted its holdings in Halliburton (NYSE:HAL) by 124.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,902,880 shares of the oilfield services company’s stock after buying an additional 1,053,880 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Halliburton were worth $35,964,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HAL. Hoover Financial Advisors Inc. purchased a new stake in Halliburton in the 4th quarter worth $27,000. Freestone Capital Holdings LLC purchased a new stake in Halliburton in the 3rd quarter worth $28,000. Crescent Capital Consulting LLC purchased a new stake in Halliburton in the 4th quarter worth $28,000. Eudaimonia Partners LLC increased its stake in Halliburton by 66.7% in the 3rd quarter. Eudaimonia Partners LLC now owns 2,783 shares of the oilfield services company’s stock worth $34,000 after buying an additional 1,114 shares in the last quarter. Finally, Focused Wealth Management Inc increased its stake in Halliburton by 295.7% in the 4th quarter. Focused Wealth Management Inc now owns 2,141 shares of the oilfield services company’s stock worth $40,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.
HAL has been the subject of several research reports. Tudor Pickering raised shares of Halliburton from a “hold” rating to a “buy” rating in a report on Monday, December 7th. Stephens raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $25.00 in a report on Wednesday, January 20th. Smith Barney Citigroup raised shares of Halliburton from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. HSBC downgraded shares of Halliburton from a “hold” rating to a “reduce” rating and set a $14.20 price objective for the company. in a report on Thursday, December 10th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $23.00 price objective on shares of Halliburton in a report on Wednesday, January 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Halliburton presently has a consensus rating of “Hold” and a consensus price target of $16.65.
Shares of NYSE:HAL traded down $0.58 during trading on Tuesday, reaching $20.55. 602,292 shares of the company were exchanged, compared to its average volume of 11,569,594. The firm has a market capitalization of $18.26 billion, a PE ratio of -4.25, a P/E/G ratio of 2.22 and a beta of 2.81. The business’s fifty day simple moving average is $19.71 and its 200-day simple moving average is $16.50. Halliburton has a 12-month low of $4.25 and a 12-month high of $22.23. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.30 and a quick ratio of 1.64.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 18th. The oilfield services company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. Halliburton had a negative net margin of 26.60% and a positive return on equity of 11.10%. The company’s quarterly revenue was down 37.6% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, sell-side analysts anticipate that Halliburton will post 0.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 24th. Stockholders of record on Wednesday, March 3rd will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, March 2nd. Halliburton’s dividend payout ratio (DPR) is presently 14.52%.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment.
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