PensionDanmark Pensionsforsikringsaktieselskab Purchases 20,270 Shares of Halliburton Company $HAL

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Halliburton Company (NYSE:HAL) by 10.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 206,624 shares of the oilfield services company’s stock after purchasing an additional 20,270 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Halliburton were worth $7,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Halliburton by 10.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock valued at $109,000 after acquiring an additional 258 shares in the last quarter. Vermillion Wealth Management Inc. grew its holdings in Halliburton by 24.8% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after acquiring an additional 289 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Halliburton by 1.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after acquiring an additional 349 shares in the last quarter. Harbour Investments Inc. increased its position in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after purchasing an additional 361 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Halliburton by 3.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after purchasing an additional 365 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $31.87 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The firm has a market cap of $26.55 billion, a PE ratio of 16.69, a P/E/G ratio of 1.99 and a beta of 0.73. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59. The stock has a fifty day moving average price of $35.08 and a 200-day moving average price of $36.44.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $0.55 EPS. Halliburton’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts predict that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s payout ratio is presently 35.60%.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 24,778 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the sale, the executive vice president directly owned 146,186 shares of the company’s stock, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HAL has been the subject of a number of analyst reports. HSBC upped their target price on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Griffin Securities raised Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, April 22nd. UBS Group decreased their price objective on Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Wolfe Research initiated coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Company Profile

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.