Axa S.A. Boosts Stake in Halliburton (NYSE:HAL)

Axa S.A. raised its holdings in shares of Halliburton (NYSE:HAL) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,009 shares of the oilfield services company’s stock after purchasing an additional 2,168 shares during the period. Axa S.A.’s holdings in Halliburton were worth $6,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Halliburton by 32.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,872,642 shares of the oilfield services company’s stock worth $61,648,000 after purchasing an additional 710,309 shares during the period. King Luther Capital Management Corp lifted its stake in Halliburton by 6.8% in the 1st quarter. King Luther Capital Management Corp now owns 40,765 shares of the oilfield services company’s stock valued at $875,000 after buying an additional 2,600 shares in the last quarter. Waddell & Reed Financial Inc. lifted its stake in Halliburton by 1.4% in the 1st quarter. Waddell & Reed Financial Inc. now owns 398,863 shares of the oilfield services company’s stock valued at $8,560,000 after buying an additional 5,425 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Halliburton by 0.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,139 shares of the oilfield services company’s stock valued at $2,385,000 after buying an additional 681 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its stake in Halliburton by 24.7% in the 1st quarter. Ensign Peak Advisors Inc now owns 972,002 shares of the oilfield services company’s stock valued at $20,859,000 after buying an additional 192,485 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Murry Gerber sold 44,590 shares of the business’s stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $19.33, for a total transaction of $861,924.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 33,333 shares of the business’s stock in a transaction that occurred on Monday, October 11th. The shares were sold at an average price of $25.00, for a total transaction of $833,325.00. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

A number of analysts have commented on HAL shares. Citigroup increased their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 25th. HSBC upgraded shares of Halliburton from a “reduce” rating to a “hold” rating and raised their price target for the stock from $15.80 to $18.20 in a report on Thursday, August 5th. COKER & PALMER raised shares of Halliburton from a “sector perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research report on Tuesday. Barclays lifted their price objective on shares of Halliburton from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 21st. Finally, Wells Fargo & Company boosted their price target on shares of Halliburton from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $24.21.

Shares of HAL opened at $24.49 on Thursday. The company has a market capitalization of $21.81 billion, a PE ratio of 153.07 and a beta of 2.84. Halliburton has a one year low of $10.99 and a one year high of $25.50. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.29 and a quick ratio of 1.75. The company’s fifty day moving average price is $20.74 and its 200 day moving average price is $21.51.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 19th. The oilfield services company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Halliburton had a net margin of 1.08% and a return on equity of 12.64%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business posted $0.05 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Halliburton will post 1.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 22nd. Shareholders of record on Wednesday, September 1st were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 31st. Halliburton’s dividend payout ratio is presently 27.69%.

About Halliburton

Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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