Huntington National Bank reduced its position in Halliburton (NYSE:HAL) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,188 shares of the oilfield services company’s stock after selling 1,989 shares during the quarter. Huntington National Bank’s holdings in Halliburton were worth $570,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Freestone Capital Holdings LLC bought a new position in Halliburton in the third quarter worth $28,000. Eudaimonia Partners LLC lifted its position in Halliburton by 66.7% in the third quarter. Eudaimonia Partners LLC now owns 2,783 shares of the oilfield services company’s stock worth $34,000 after purchasing an additional 1,114 shares during the period. CX Institutional lifted its holdings in shares of Halliburton by 325.0% during the third quarter. CX Institutional now owns 2,839 shares of the oilfield services company’s stock valued at $34,000 after acquiring an additional 2,171 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Halliburton by 88.3% during the second quarter. AdvisorNet Financial Inc now owns 2,965 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 1,390 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Halliburton by 1,960.5% during the third quarter. Harbor Investment Advisory LLC now owns 4,018 shares of the oilfield services company’s stock valued at $48,000 after acquiring an additional 3,823 shares during the period. 65.66% of the stock is owned by hedge funds and other institutional investors.
In other Halliburton news, EVP Eric Carre sold 49,664 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $19.91, for a total transaction of $988,810.24. Following the transaction, the executive vice president now owns 176,661 shares in the company, valued at $3,517,320.51. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Myrtle L. Jones sold 4,449 shares of the firm’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $20.00, for a total value of $88,980.00. In the last 90 days, insiders have sold 56,463 shares of company stock worth $1,126,388. Company insiders own 0.48% of the company’s stock.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 19th. The oilfield services company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Halliburton had a positive return on equity of 11.10% and a negative net margin of 26.60%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company earned $0.34 earnings per share. The company’s revenue was down 46.4% on a year-over-year basis. Sell-side analysts predict that Halliburton will post 0.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 3rd were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, December 2nd. Halliburton’s dividend payout ratio (DPR) is currently 14.52%.
HAL has been the subject of a number of analyst reports. Bank of America raised Halliburton from a “neutral” rating to a “buy” rating in a report on Wednesday, December 16th. Smith Barney Citigroup raised Halliburton from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. BMO Capital Markets initiated coverage on Halliburton in a report on Thursday, October 1st. They set a “market perform” rating and a $14.00 price objective for the company. Exane BNP Paribas initiated coverage on Halliburton in a report on Monday, October 12th. They set an “underperform” rating and a $11.50 price objective for the company. Finally, Tudor Pickering raised Halliburton from a “hold” rating to a “buy” rating in a report on Monday, December 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.05.
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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