NEOS Investment Management LLC Has $2.91 Million Position in Halliburton Company $HAL

NEOS Investment Management LLC increased its holdings in shares of Halliburton Company (NYSE:HAL) by 46.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,095 shares of the oilfield services company’s stock after buying an additional 37,253 shares during the period. NEOS Investment Management LLC’s holdings in Halliburton were worth $2,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Halliburton by 1.6% during the second quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock worth $2,147,310,000 after purchasing an additional 1,617,696 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Halliburton by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock valued at $617,269,000 after buying an additional 346,218 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Halliburton by 0.4% during the second quarter. Geode Capital Management LLC now owns 22,342,963 shares of the oilfield services company’s stock worth $453,461,000 after acquiring an additional 92,549 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Halliburton by 10.1% in the 2nd quarter. Invesco Ltd. now owns 11,903,833 shares of the oilfield services company’s stock valued at $242,600,000 after purchasing an additional 1,089,928 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company’s stock worth $249,803,000 after acquiring an additional 1,906,724 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL opened at $35.32 on Friday. The business’s fifty day moving average is $31.69 and its 200 day moving average is $26.88. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $35.61. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The stock has a market cap of $29.58 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.07 and a beta of 0.77.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 2,600 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the transaction, the director directly owned 14,043 shares in the company, valued at approximately $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 54,348 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the sale, the executive vice president owned 344,535 shares in the company, valued at $12,044,943.60. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 337,002 shares of company stock valued at $11,445,938. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group restated a “buy” rating and set a $39.00 target price on shares of Halliburton in a research report on Friday, February 6th. Rothschild & Co Redburn set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Zephirin Group downgraded shares of Halliburton from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research report on Friday, January 23rd. Argus lifted their price objective on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Barclays increased their target price on shares of Halliburton from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $34.95.

About Halliburton

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.