566,429 Shares in Halliburton Company $HAL Acquired by Clough Capital Partners L P

Clough Capital Partners L P purchased a new position in Halliburton Company (NYSE:HAL) during the first quarter, Holdings Channel reports. The fund purchased 566,429 shares of the oilfield services company’s stock, valued at approximately $22,085,000. Halliburton accounts for 2.1% of Clough Capital Partners L P’s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in shares of Halliburton by 21.1% during the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after purchasing an additional 19,190,520 shares during the period. State Street Corp increased its stake in shares of Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after buying an additional 861,964 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock valued at $878,806,000 after buying an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after buying an additional 29,735,387 shares during the last quarter. Finally, Morgan Stanley boosted its position in Halliburton by 14.0% during the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock valued at $446,682,000 after buying an additional 1,943,845 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $47.00 price target on shares of Halliburton in a report on Sunday, April 26th. UBS Group upped their price objective on shares of Halliburton from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Capital One Financial increased their target price on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wolfe Research began coverage on Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a report on Wednesday, July 8th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.14.

Halliburton Stock Performance

Shares of HAL opened at $33.31 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a one year low of $20.39 and a one year high of $43.59. The company has a 50-day simple moving average of $36.94 and a two-hundred day simple moving average of $36.48. The firm has a market capitalization of $27.83 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.71.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm posted $0.55 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that Halliburton Company will post 2.35 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio is presently 35.60%.

Insider Buying and Selling

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total value of $852,377.72. Following the completion of the transaction, the insider owned 93,763 shares in the company, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the transaction, the director directly owned 15,250 shares of the company’s stock, valued at $636,230. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 258,255 shares of company stock valued at $10,550,535 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported Q2 revenue of $5.71 billion and EPS of $0.55, both modestly ahead of expectations, reinforcing that core business performance remains solid. Article title
• Positive Sentiment: The company won a new integrated field development contract with Basra Oil Company in Iraq, adding another large international project and expanding its presence in a key oil-producing region. Article title
• Positive Sentiment: Halliburton also secured additional development work in Kuwait, reinforcing the view that recent contract wins are improving its growth outlook and supporting its international business mix. Article title
• Neutral Sentiment: Several commentary pieces pointed to a stronger long-term outlook thanks to Halliburton’s technology edge and global contract pipeline, but also noted that geopolitical risk and uneven execution could limit near-term upside.
• Neutral Sentiment: TD Cowen reportedly lowered expectations for Halliburton, and other firms trimmed price targets, suggesting analysts remain cautious even as the stock benefits from new business wins.
• Negative Sentiment: Analyst target cuts and mixed sentiment may cap enthusiasm if investors worry that recent contract wins are not enough to quickly reaccelerate margins or earnings growth.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.