King Luther Capital Management Corp grew its stake in shares of Halliburton Company (NYSE:HAL) by 65.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 470,694 shares of the oilfield services company’s stock after buying an additional 185,915 shares during the period. King Luther Capital Management Corp owned approximately 0.05% of Halliburton worth $21,666,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HAL. BKD Wealth Advisors LLC raised its position in shares of Halliburton by 6.5% during the second quarter. BKD Wealth Advisors LLC now owns 9,441 shares of the oilfield services company’s stock valued at $403,000 after buying an additional 578 shares during the last quarter. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Halliburton during the second quarter valued at about $945,000. Capital One National Association raised its position in shares of Halliburton by 71.3% during the second quarter. Capital One National Association now owns 20,060 shares of the oilfield services company’s stock valued at $856,000 after buying an additional 8,350 shares during the last quarter. Farmers Trust Co. raised its position in shares of Halliburton by 1.9% during the second quarter. Farmers Trust Co. now owns 5,427 shares of the oilfield services company’s stock valued at $231,000 after buying an additional 100 shares during the last quarter. Finally, Salem Capital Management Inc. raised its position in shares of Halliburton by 1.0% during the second quarter. Salem Capital Management Inc. now owns 71,000 shares of the oilfield services company’s stock valued at $3,032,000 after buying an additional 700 shares during the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.
Shares of Halliburton Company (HAL) traded down $0.26 during 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 debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. The company has a market capitalization of $38,295.82, a PE ratio of 60.12, a price-to-earnings-growth ratio of 4.74 and a beta of 1.03. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $58.78.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.65%. Halliburton’s dividend payout ratio is 300.01%.
A number of brokerages have recently commented on HAL. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup upped their target price on shares of Halliburton from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. B. Riley reissued a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Finally, Deutsche Bank began coverage on shares of Halliburton in a research note on Tuesday, October 10th. They issued a “buy” rating and a $54.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned 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, 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 sale, the chairman now directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the sale, the executive vice president now directly owns 180,646 shares in the company, valued at $7,469,712.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
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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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