Schroder Investment Management Group Grows Stock Holdings in Halliburton Company $HAL

Schroder Investment Management Group lifted its stake in Halliburton Company (NYSE:HAL) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,784,613 shares of the oilfield services company’s stock after purchasing an additional 519,481 shares during the quarter. Schroder Investment Management Group owned about 0.45% of Halliburton worth $93,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Halliburton by 1.6% in 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 acquiring an additional 1,617,696 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Halliburton by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock worth $617,269,000 after acquiring an additional 346,218 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $453,461,000 after acquiring an additional 92,549 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of Halliburton during the third quarter valued at $418,738,000. Finally, Invesco Ltd. raised its position 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 worth $242,600,000 after purchasing an additional 1,089,928 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HAL shares. Morgan Stanley reiterated an “overweight” rating and issued a $35.00 price target on shares of Halliburton in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. UBS Group upped their target price on shares of Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Rothschild & Co Redburn increased their price target on shares of Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Citigroup raised their price target on shares of Halliburton from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Halliburton Price Performance

NYSE HAL opened at $34.60 on Tuesday. Halliburton Company has a one year low of $18.72 and a one year high of $37.03. The stock has a 50-day moving average of $33.43 and a 200 day moving average of $28.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The company has a market capitalization of $28.98 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.03 and a beta of 0.73.

Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors 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 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio is 45.03%.

Insider Buying and Selling

In other Halliburton news, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Mckeon sold 3,846 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the transaction, the vice president directly owned 81,631 shares in the company, valued at $2,805,657.47. The trade was a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 331,994 shares of company stock valued at $11,331,187 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton Company 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.