4,884 Shares in Halliburton (HAL) Acquired by Water Island Capital LLC
Water Island Capital LLC purchased a new position in Halliburton (NYSE:HAL) in the 4th quarter, Holdings Channel reports. The fund purchased 4,884 shares of the oilfield services company’s stock, valued at approximately $239,000.
Several other large investors have also bought and sold shares of HAL. Sanders Capital LLC acquired a new position in shares of Halliburton in the fourth quarter worth $163,920,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Halliburton in the fourth quarter worth $118,644,000. BlackRock Inc. grew its stake in shares of Halliburton by 3.9% in the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after acquiring an additional 2,421,658 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Halliburton by 409.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock worth $107,670,000 after acquiring an additional 1,770,781 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Halliburton by 63.2% in the third quarter. American Century Companies Inc. now owns 4,468,404 shares of the oilfield services company’s stock worth $205,681,000 after acquiring an additional 1,730,559 shares in the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.
In related news, VP Anne L. Beaty sold 1,245 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $51.50, for a total value of $64,117.50. Following the completion of the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,133,208.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,407 shares of company stock valued at $8,004,144. 0.46% of the stock is owned by corporate insiders.
Shares of Halliburton (HAL) opened at $46.03 on Friday. Halliburton has a 1 year low of $38.18 and a 1 year high of $57.86. The firm has a market cap of $40,270.00, a price-to-earnings ratio of 124.41, a P/E/G ratio of 2.26 and a beta of 1.06. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the previous year, the company earned $0.04 earnings per share. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. equities analysts predict that Halliburton will post 2.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. Halliburton’s dividend payout ratio (DPR) is presently 194.59%.
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.
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