Harvest Fund Management Co. Ltd Buys 665 Shares of Halliburton (NYSE:HAL)

Harvest Fund Management Co. Ltd grew its stake in shares of Halliburton (NYSE:HALFree Report) by 33.9% in the third quarter, HoldingsChannel.com reports. The firm owned 2,624 shares of the oilfield services company’s stock after purchasing an additional 665 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Halliburton were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. Capital World Investors boosted its stake in shares of Halliburton by 47.1% in the 2nd quarter. Capital World Investors now owns 114,407,642 shares of the oilfield services company’s stock worth $3,774,308,000 after buying an additional 36,640,866 shares during the last quarter. Norges Bank purchased a new position in Halliburton in the fourth quarter valued at approximately $457,245,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Halliburton by 123.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after purchasing an additional 8,791,319 shares during the last quarter. Morgan Stanley lifted its stake in Halliburton by 65.5% in the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after purchasing an additional 6,815,373 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Halliburton by 140.4% in the first quarter. Thrivent Financial for Lutherans now owns 3,737,112 shares of the oilfield services company’s stock valued at $118,242,000 after purchasing an additional 2,182,602 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Halliburton Stock Down 1.0 %

HAL opened at $36.81 on Wednesday. The stock has a market cap of $32.95 billion, a PE ratio of 12.56, a P/E/G ratio of 0.93 and a beta of 2.02. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The business’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $38.45.

Halliburton (NYSE:HALGet Free Report) last released its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts expect that Halliburton will post 3.43 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, March 5th. This is a boost from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio is currently 21.84%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Atb Cap Markets downgraded Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. UBS Group upped their price objective on Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. Susquehanna lowered their target price on shares of Halliburton from $51.00 to $49.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, Raymond James lowered their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.63.

Get Our Latest Stock Report on Halliburton

Halliburton Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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