Tocqueville Asset Management L.P. Buys 4,660 Shares of Halliburton Company (HAL)
Tocqueville Asset Management L.P. grew its stake in shares of Halliburton Company (NYSE:HAL) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,200 shares of the oilfield services company’s stock after purchasing an additional 4,660 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Halliburton were worth $10,780,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Perigon Wealth Management LLC lifted its stake in shares of Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after purchasing an additional 17 shares in the last quarter. Comerica Securities Inc. lifted its stake in shares of Halliburton by 0.3% during the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after purchasing an additional 18 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in shares of Halliburton by 0.4% during the second quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock worth $220,000 after purchasing an additional 21 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Halliburton by 1.1% during the first quarter. Guardian Life Insurance Co. of America now owns 3,348 shares of the oilfield services company’s stock worth $165,000 after purchasing an additional 36 shares in the last quarter. Finally, Hedeker Wealth LLC lifted its stake in shares of Halliburton by 0.3% during the second quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock worth $834,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 79.36% of the company’s stock.
A number of brokerages have commented on HAL. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. BidaskClub upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price target on shares of Halliburton in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.55.
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Shares of Halliburton Company (NYSE HAL) traded up $0.54 during mid-day trading on Friday, reaching $43.23. The company had a trading volume of 9,580,000 shares, compared to its average volume of 8,210,000. The company has a market cap of $37.72 billion, a price-to-earnings ratio of 58.48, a price-to-earnings-growth ratio of 4.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share 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%. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. sell-side analysts forecast that Halliburton Company will post 1.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.67%. Halliburton’s dividend payout ratio is presently 300.00%.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.
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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