Halliburton Company (HAL) Position Cut by Boothbay Fund Management LLC
Boothbay Fund Management LLC cut its position in shares of Halliburton Company (NYSE:HAL) by 40.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,800 shares of the oilfield services company’s stock after selling 5,876 shares during the period. Boothbay Fund Management LLC’s holdings in Halliburton were worth $405,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank lifted its holdings in Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares during the last quarter. Estabrook Capital Management raised its position in shares of Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Halliburton during the third quarter worth about $184,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the sale, the executive vice president now directly owns 180,646 shares in the company, valued at approximately $7,469,712.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Insiders have sold a total of 88,585 shares of company stock worth $3,858,920 over the last 90 days. Insiders own 0.47% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) traded up $1.08 on Monday, reaching $45.07. 864,062 shares of the company’s stock traded hands, compared to its average volume of 8,773,568. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The firm has a market cap of $38,383.08, a PE ratio of 60.26, a P/E/G ratio of 4.75 and a beta of 1.03. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. sell-side analysts anticipate that Halliburton Company will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. Halliburton’s payout ratio is currently 300.01%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup raised their price objective on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Finally, Deutsche Bank initiated coverage on shares of Halliburton in a research note on Tuesday, October 10th. They set a “buy” rating and a $54.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price 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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