Axa Boosts Stake in Halliburton Company (HAL)

AXA raised its holdings in Halliburton Company (NYSE:HAL) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,183 shares of the oilfield services company’s stock after buying an additional 10,675 shares during the period. AXA’s holdings in Halliburton were worth $13,541,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HAL. Vanguard Group Inc. increased its stake in Halliburton by 2.2% in the second quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after purchasing an additional 1,267,141 shares during the period. BlackRock Inc. increased its stake in Halliburton by 7.6% in the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after purchasing an additional 3,955,245 shares during the period. Capital World Investors increased its stake in Halliburton by 0.7% in the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after purchasing an additional 320,362 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after acquiring an additional 1,427,985 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after acquiring an additional 384,565 shares in the last quarter. 79.79% of the stock is owned by institutional investors.

Halliburton Company (NYSE HAL) traded up $0.86 during midday trading on Thursday, reaching $53.33. 9,064,900 shares of the company’s stock were exchanged, compared to its average volume of 9,025,251. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The company has a market cap of $46,530.00, a P/E ratio of 222.21, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. research analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were given a $0.18 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. Halliburton’s payout ratio is currently 300.00%.

In related news, insider Timothy Mckeon sold 1,609 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total value of $78,824.91. Following the sale, the insider now owns 18,612 shares of the company’s stock, valued at approximately $911,801.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robb L. Voyles sold 5,000 shares of the stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. Following the completion of the sale, the executive vice president now directly owns 220,938 shares in the company, valued at approximately $10,792,821.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,612 shares of company stock worth $6,556,433. Insiders own 0.47% of the company’s stock.

Several brokerages have recently weighed in on HAL. Zacks Investment Research downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group set a $57.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 21st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $56.00 price target (up previously from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Finally, Piper Jaffray Companies set a $52.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.68.

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About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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