Halliburton Company $HAL Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in Halliburton Company (NYSE:HAL) by 80.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 91,732 shares of the oilfield services company’s stock after buying an additional 40,781 shares during the period. Janus Henderson Group PLC’s holdings in Halliburton were worth $3,577,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after acquiring an additional 29,735,387 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after purchasing an additional 19,190,520 shares during the period. Norges Bank purchased a new stake in shares of Halliburton during the fourth quarter worth approximately $169,304,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Halliburton by 12,413.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,163,259 shares of the oilfield services company’s stock worth $162,325,000 after purchasing an additional 4,129,988 shares during the period. Finally, Canoe Financial LP acquired a new stake in shares of Halliburton during the first quarter worth $158,525,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HAL. Capital One Financial boosted their price objective on shares of Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada boosted their price target on shares of Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Finally, Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Insider Activity

In other news, CFO Eric Carre sold 24,778 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 that occurred on 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 transaction, the executive vice president owned 146,186 shares of the company’s stock, valued at $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.

Halliburton Stock Down 2.0%

HAL opened at $31.87 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The company has a market cap of $26.55 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.03 and a beta of 0.73. Halliburton Company has a one year low of $20.39 and a one year high of $43.59. The business’s fifty day moving average is $35.08 and its two-hundred day moving average is $36.44.

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

Halliburton Dividend Announcement

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

Halliburton 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.