Dai Ichi Life Insurance Company Ltd increased its holdings in shares of Halliburton Company (NYSE:HAL) by 38.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,569 shares of the oilfield services company’s stock after buying an additional 50,000 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Halliburton were worth $8,358,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its stake in Halliburton by 0.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,074,636 shares of the oilfield services company’s stock worth $52,883,000 after purchasing an additional 7,773 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Halliburton by 8.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,172 shares of the oilfield services company’s stock worth $845,000 after acquiring an additional 1,272 shares during the period. Colony Group LLC acquired a new stake in shares of Halliburton in the 1st quarter worth $213,000. First Financial Equity Corporation acquired a new stake in shares of Halliburton in the 1st quarter worth $411,000. Finally, Janus Capital Management LLC lifted its stake in shares of Halliburton by 70.1% in the 1st quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock worth $228,423,000 after acquiring an additional 1,913,257 shares during the period. 79.95% of the stock is currently owned by institutional investors.
Halliburton Company (HAL) traded down $0.26 during mid-day trading on Wednesday, reaching $43.63. 8,993,000 shares of the company’s stock traded hands, compared to its average volume of 8,786,670. The company has a market capitalization of $38,295.82, a price-to-earnings ratio of 60.12, a price-to-earnings-growth ratio of 4.74 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 Company has a 12-month low of $38.18 and a 12-month high of $58.78.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, December 6th. Halliburton’s payout ratio is currently 300.01%.
HAL has been the subject of several recent research reports. Jefferies Group set a $56.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Monday, August 28th. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Sanford C. Bernstein restated an “outperform” rating and set a $53.00 target price on shares of Halliburton in a report on Wednesday, September 6th. J P Morgan Chase & Co lowered their price target on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $57.55.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the sale, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chairman now directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.
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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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