Halliburton Company (HAL) Stake Increased by Jaffetilchin Investment Partners LLC
Jaffetilchin Investment Partners LLC lifted its stake in shares of Halliburton Company (NYSE:HAL) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,878 shares of the oilfield services company’s stock after buying an additional 2,652 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Halliburton were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HAL. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Halliburton by 231.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,112 shares of the oilfield services company’s stock worth $1,243,000 after buying an additional 20,324 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Halliburton by 1,298.5% during the second quarter. Schroder Investment Management Group now owns 199,280 shares of the oilfield services company’s stock worth $8,454,000 after buying an additional 185,030 shares in the last quarter. AMG National Trust Bank grew its position in shares of Halliburton by 96.2% during the second quarter. AMG National Trust Bank now owns 40,553 shares of the oilfield services company’s stock worth $1,732,000 after buying an additional 19,887 shares in the last quarter. AGF Investments Inc. grew its position in shares of Halliburton by 39.0% during the second quarter. AGF Investments Inc. now owns 39,425 shares of the oilfield services company’s stock worth $1,685,000 after buying an additional 11,067 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Halliburton by 51.4% during the second quarter. Engineers Gate Manager LP now owns 76,892 shares of the oilfield services company’s stock worth $3,284,000 after buying an additional 26,092 shares in the last quarter. 79.79% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,612 shares of company stock valued at $6,556,433. Corporate insiders own 0.47% of the company’s stock.
Halliburton Company (NYSE HAL) opened at $53.33 on Friday. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The stock has a market cap of $46,530.00, a price-to-earnings ratio of 222.21, a PEG ratio of 3.00 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 (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. sell-side analysts expect that Halliburton Company will post 1.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is 300.00%.
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Halliburton Company Profile
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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