Nordea Investment Management AB increased its holdings in Halliburton (NYSE:HAL) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 323,676 shares of the oilfield services company’s stock after acquiring an additional 5,338 shares during the quarter. Nordea Investment Management AB’s holdings in Halliburton were worth $9,485,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harris Associates L P purchased a new stake in shares of Halliburton during the fourth quarter valued at about $336,506,000. Norges Bank acquired a new position in shares of Halliburton during the fourth quarter valued at about $236,595,000. Pzena Investment Management LLC increased its holdings in shares of Halliburton by 95.4% during the first quarter. Pzena Investment Management LLC now owns 12,427,763 shares of the oilfield services company’s stock valued at $364,133,000 after acquiring an additional 6,067,846 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Halliburton by 15.7% during the fourth quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock valued at $558,907,000 after acquiring an additional 2,860,965 shares in the last quarter. Finally, Manning & Napier Group LLC acquired a new position in shares of Halliburton during the first quarter valued at about $83,418,000. 77.37% of the stock is owned by institutional investors.
HAL has been the topic of several research reports. Barclays set a $192.00 price target on shares of Tesla and gave the stock a “sell” rating in a report on Tuesday, April 9th. UBS Group set a $36.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Edward Jones downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Piper Jaffray Companies set a $40.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Owens Corning in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and an average target price of $43.00.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, equities research analysts predict that Halliburton will post 1.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, June 4th. Halliburton’s dividend payout ratio is presently 37.89%.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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