KBC Group NV Sells 109,612 Shares of Halliburton Company (HAL)
KBC Group NV cut its position in Halliburton Company (NYSE:HAL) by 49.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,286 shares of the oilfield services company’s stock after selling 109,612 shares during the quarter. KBC Group NV’s holdings in Halliburton were worth $5,122,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank raised its holdings in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its holdings in Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after purchasing an additional 128 shares in the last quarter. Estabrook Capital Management raised its holdings in Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after purchasing an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after purchasing an additional 2,243 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Halliburton in the third quarter worth about $184,000. Institutional investors and hedge funds own 79.95% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) traded down $0.07 during midday trading on Thursday, reaching $43.38. The company had a trading volume of 8,807,600 shares, compared to its average volume of 8,786,759. The stock has a market capitalization of $38,068.96, a price-to-earnings ratio of 59.77, a P/E/G ratio of 4.71 and a beta of 1.03. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Halliburton’s revenue for the quarter was up 42.0% on a year-over-year basis. sell-side analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.66%. Halliburton’s dividend payout ratio is presently 300.01%.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the sale, the executive vice president now owns 180,646 shares in the company, valued at approximately $7,469,712.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,585 shares of company stock worth $3,858,920. Insiders own 0.46% of the company’s stock.
A number of equities analysts have commented on the stock. B. Riley reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup cut their price objective on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Scotiabank restated a “buy” rating and set a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital restated a “buy” rating and set a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $57.55.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with Analyst Ratings Network's FREE daily email newsletter.