Envestnet Asset Management Inc. Has $17.14 Million Holdings in Halliburton Company (HAL)
Envestnet Asset Management Inc. raised its stake in shares of Halliburton Company (NYSE:HAL) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,428 shares of the oilfield services company’s stock after acquiring an additional 7,499 shares during the period. Envestnet Asset Management Inc.’s holdings in Halliburton were worth $17,142,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ledyard National Bank raised its stake in Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares in the last quarter. Estabrook Capital Management raised its stake in shares of Halliburton by 82.8% during the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after buying an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Halliburton by 243.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after buying an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Halliburton by 4.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock worth $182,000 after buying an additional 167 shares in the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on HAL shares. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group set a $56.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Monday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $53.00 target price on shares of Halliburton in a research note on Wednesday, September 6th. J P Morgan Chase & Co cut their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Finally, FBR & Co cut their target price on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. One research 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 stock. Halliburton currently has an average rating of “Buy” and an average price target of $57.55.
Halliburton Company (NYSE:HAL) traded down $0.26 on Wednesday, hitting $43.63. The company had a trading volume of 8,993,000 shares, compared to its average volume of 8,786,670. The firm has a market cap of $38,295.82, a PE ratio of 60.12, a P/E/G ratio of 4.74 and a beta of 1.03. 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 Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. equities analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following 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. 0.47% of the stock is currently owned by corporate insiders.
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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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