AMP Capital Investors Ltd Has $10.02 Million Stake in Halliburton (HAL)
AMP Capital Investors Ltd trimmed its holdings in shares of Halliburton (NYSE:HAL) by 17.3% during the third quarter, Holdings Channel reports. The fund owned 246,823 shares of the oilfield services company’s stock after selling 51,709 shares during the quarter. AMP Capital Investors Ltd’s holdings in Halliburton were worth $10,018,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pillar Pacific Capital Management LLC increased its position in shares of Halliburton by 1.1% during the second quarter. Pillar Pacific Capital Management LLC now owns 116,530 shares of the oilfield services company’s stock worth $5,250,000 after acquiring an additional 1,230 shares during the last quarter. Regent Investment Management LLC increased its holdings in Halliburton by 9.7% in the third quarter. Regent Investment Management LLC now owns 15,780 shares of the oilfield services company’s stock valued at $640,000 after buying an additional 1,400 shares during the last quarter. Good Life Advisors LLC increased its holdings in Halliburton by 13.9% in the second quarter. Good Life Advisors LLC now owns 11,488 shares of the oilfield services company’s stock valued at $522,000 after buying an additional 1,403 shares during the last quarter. Daiwa SB Investments Ltd. increased its holdings in Halliburton by 9.2% in the third quarter. Daiwa SB Investments Ltd. now owns 16,890 shares of the oilfield services company’s stock valued at $685,000 after buying an additional 1,420 shares during the last quarter. Finally, CAPROCK Group Inc. increased its holdings in Halliburton by 20.6% in the third quarter. CAPROCK Group Inc. now owns 8,388 shares of the oilfield services company’s stock valued at $340,000 after buying an additional 1,434 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
NYSE:HAL opened at $31.44 on Thursday. The company has a market cap of $27.53 billion, a PE ratio of 25.77, a P/E/G ratio of 0.88 and a beta of 1.06. Halliburton has a 52 week low of $30.47 and a 52 week high of $57.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, December 5th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
Several analysts recently weighed in on HAL shares. Morgan Stanley started coverage on Halliburton in a report on Tuesday, September 18th. They issued an “overweight” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a report on Monday, September 17th. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a report on Thursday, September 6th. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Friday, September 7th. Finally, Cleveland Research lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.24.
In other news, VP Anne L. Beaty sold 1,210 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.
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 bonding the well, well casing, and casing equipment.
Further Reading: Diversification For Individual Investors
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE:HAL).
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.