Halliburton (HAL) Shares Bought by Toronto Dominion Bank

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Toronto Dominion Bank grew its position in shares of Halliburton (NYSE:HAL) by 344.0% in the fourth quarter, HoldingsChannel reports. The firm owned 4,612,880 shares of the oilfield services company’s stock after buying an additional 3,573,882 shares during the quarter. Toronto Dominion Bank’s holdings in Halliburton were worth $122,610,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Essex Financial Services Inc. grew its position in Halliburton by 5.4% in the fourth quarter. Essex Financial Services Inc. now owns 8,498 shares of the oilfield services company’s stock worth $226,000 after acquiring an additional 434 shares in the last quarter. Lindbrook Capital LLC purchased a new position in Halliburton in the fourth quarter worth about $48,000. Eagle Ridge Investment Management grew its position in Halliburton by 150.2% in the fourth quarter. Eagle Ridge Investment Management now owns 251,972 shares of the oilfield services company’s stock worth $6,697,000 after acquiring an additional 151,249 shares in the last quarter. Greenleaf Trust grew its position in Halliburton by 8.1% in the fourth quarter. Greenleaf Trust now owns 9,371 shares of the oilfield services company’s stock worth $249,000 after acquiring an additional 706 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its position in Halliburton by 4.9% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,580,092 shares of the oilfield services company’s stock worth $6,972,000 after acquiring an additional 166,779 shares in the last quarter. Hedge funds and other institutional investors own 77.93% of the company’s stock.

Several research analysts have issued reports on the company. UBS Group set a $50.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Seaport Global Securities set a $46.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Morgan Stanley restated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 23rd. Credit Suisse Group set a $46.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, BMO Capital Markets dropped their target price on Halliburton from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average price target of $45.65.

In other news, VP Anne L. Beaty sold 1,300 shares of Halliburton stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total transaction of $37,050.00. Following the completion of the sale, the vice president now owns 58,848 shares of the company’s stock, valued at $1,677,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anne L. Beaty sold 2,548 shares of Halliburton stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total transaction of $75,115.04. Following the sale, the vice president now directly owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders have sold 11,577 shares of company stock valued at $360,700 in the last ninety days. Insiders own 0.54% of the company’s stock.

Shares of Halliburton stock traded up $0.70 on Wednesday, hitting $32.40. 2,586,503 shares of the company traded hands, compared to its average volume of 8,489,346. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. Halliburton has a 52 week low of $24.70 and a 52 week high of $54.91. The company has a market capitalization of $27.79 billion, a PE ratio of 17.05, a P/E/G ratio of 1.96 and a beta of 1.27.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Halliburton will post 1.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 37.89%.

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Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE:HAL).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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