Westpac Banking Corp Raises Position in Halliburton (NYSE:HAL)

Westpac Banking Corp increased its position in Halliburton (NYSE:HAL) by 21.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 267,979 shares of the oilfield services company’s stock after buying an additional 46,890 shares during the quarter. Westpac Banking Corp’s holdings in Halliburton were worth $7,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HAL. Flagship Harbor Advisors LLC increased its holdings in Halliburton by 8.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock valued at $128,000 after purchasing an additional 342 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Halliburton by 4.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock valued at $212,000 after purchasing an additional 361 shares in the last quarter. Tlwm increased its holdings in Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock valued at $307,000 after purchasing an additional 369 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in Halliburton by 46.0% in the 1st quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. Finally, Tompkins Financial Corp increased its holdings in Halliburton by 8.6% in the 1st quarter. Tompkins Financial Corp now owns 5,060 shares of the oilfield services company’s stock valued at $148,000 after purchasing an additional 400 shares in the last quarter. 77.45% of the stock is currently owned by institutional investors and hedge funds.

HAL has been the subject of several recent research reports. Seaport Global Securities set a $49.00 price target on Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. SunTrust Banks lowered their target price on Halliburton to $39.00 and set an “average” rating for the company in a research note on Tuesday, April 23rd. Goldman Sachs Group began coverage on Halliburton in a research note on Sunday, March 10th. They set a “buy” rating and a $42.00 target price for the company. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Barclays lowered their target price on Halliburton from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average target price of $44.71.

NYSE:HAL traded down $0.43 during mid-day trading on Friday, reaching $21.24. The stock had a trading volume of 5,436,350 shares, compared to its average volume of 12,233,758. The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. Halliburton has a 1-year low of $20.98 and a 1-year high of $48.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.57 and a current ratio of 2.22.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, April 22nd. The oilfield services company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.53 billion. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. On average, equities research analysts forecast that Halliburton will post 1.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

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Halliburton 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 bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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