Edmond DE Rothschild Holding S.A. Sells 30,000 Shares of Halliburton Company $HAL

Edmond DE Rothschild Holding S.A. lessened its position in Halliburton Company (NYSE:HAL) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the oilfield services company’s stock after selling 30,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Halliburton were worth $8,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HAL. Kingstone Capital Partners Texas LLC bought a new position in shares of Halliburton during the 2nd quarter worth approximately $287,000. V Square Quantitative Management LLC raised its stake in Halliburton by 82.1% in the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after acquiring an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after purchasing an additional 91,791 shares during the last quarter. Perpetual Ltd boosted its position in Halliburton by 29.7% during the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock worth $22,050,000 after purchasing an additional 248,015 shares during the period. Finally, Jump Financial LLC increased its holdings in shares of Halliburton by 2,895.2% in the first quarter. Jump Financial LLC now owns 756,150 shares of the oilfield services company’s stock valued at $19,184,000 after purchasing an additional 730,905 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. Hsbc Global Res upgraded shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Melius Research started coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price on the stock. HSBC set a $30.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada upgraded Halliburton from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Halliburton Stock Up 0.0%

NYSE HAL opened at $25.68 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.56. The company has a 50 day moving average of $25.19 and a 200-day moving average of $22.79. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 17.00 and a beta of 1.03.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Halliburton’s payout ratio is 45.03%.

Insiders Place Their Bets

In other Halliburton news, insider Mark Richard sold 160,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.