Rokos Capital Management LLP Acquires Shares of 890,918 Halliburton Company $HAL

Rokos Capital Management LLP acquired a new stake in shares of Halliburton Company (NYSE:HAL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 890,918 shares of the oilfield services company’s stock, valued at approximately $34,741,000.

Several other large investors also recently modified their holdings of HAL. Northwestern Mutual Wealth Management Co. raised its position in Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Capital Research Global Investors boosted its holdings in Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after acquiring an additional 19,190,520 shares in the last quarter. Norges Bank purchased a new position in Halliburton during the 4th quarter valued at $169,304,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Halliburton by 12,413.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,163,259 shares of the oilfield services company’s stock worth $162,325,000 after purchasing an additional 4,129,988 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in shares of Halliburton in the 1st quarter worth about $158,525,000. 85.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director owned 15,250 shares of the company’s stock, valued at approximately $636,230. The trade was a 28.65% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 258,255 shares of company stock valued at $10,550,535. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HAL shares. Royal Bank Of Canada lifted their target price on shares of Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research initiated coverage on Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating for the company. Evercore restated an “outperform” rating and set a $43.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. Rothschild & Co Redburn upped their price target on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, TD Cowen decreased their price objective on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Halliburton Trading Down 3.7%

Shares of NYSE HAL opened at $32.14 on Tuesday. The firm’s 50 day moving average price is $36.73 and its 200-day moving average price is $36.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a 52-week low of $20.39 and a 52-week high of $43.59. The company has a market cap of $26.85 billion, a PE ratio of 16.83, a P/E/G ratio of 1.54 and a beta of 0.71.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the company earned $0.55 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post 2.35 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 35.60%.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.