Halliburton Company (HAL) Position Boosted by Tower Bridge Advisors
Tower Bridge Advisors boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,718 shares of the oilfield services company’s stock after acquiring an additional 6,724 shares during the quarter. Tower Bridge Advisors’ holdings in Halliburton were worth $4,958,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares during the period. Ledyard National Bank boosted its holdings 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 period. Bbva Compass Bancshares Inc. boosted its holdings in Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares during the period. Independent Portfolio Consultants Inc. boosted its holdings in Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares during the period. Finally, Estabrook Capital Management boosted its holdings in Halliburton by 82.8% during the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 79.94% of the company’s stock.
Halliburton Company (NYSE:HAL) traded down $0.41 during midday trading on Monday, hitting $44.17. The stock had a trading volume of 1,242,791 shares, compared to its average volume of 7,850,000. The stock has a market capitalization of $38,510.00, a P/E ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.
Halliburton (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the business posted $0.01 earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. research analysts forecast that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business 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. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Halliburton’s dividend payout ratio is presently 300.00%.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares of the company’s stock, 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 company insiders.
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Several equities research analysts have weighed in on the company. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. B. Riley reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. BidaskClub upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Halliburton has a consensus rating of “Buy” and a consensus price target of $57.55.
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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