Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Halliburton Company (NYSE:HAL) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 604,682 shares of the oilfield services company’s stock after selling 196,720 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.07% of Halliburton worth $29,551,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Shell Asset Management Co. lifted its holdings in Halliburton by 13.5% during the 4th quarter. Shell Asset Management Co. now owns 155,887 shares of the oilfield services company’s stock worth $7,618,000 after buying an additional 18,500 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Halliburton by 2.8% in the 4th quarter. Arizona State Retirement System now owns 221,073 shares of the oilfield services company’s stock valued at $10,804,000 after purchasing an additional 5,969 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Halliburton by 29.5% in the 4th quarter. Pinebridge Investments L.P. now owns 36,717 shares of the oilfield services company’s stock valued at $1,795,000 after purchasing an additional 8,375 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Halliburton by 3.7% in the 4th quarter. State of Wisconsin Investment Board now owns 1,203,545 shares of the oilfield services company’s stock valued at $58,817,000 after purchasing an additional 42,477 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its position in Halliburton by 34.8% in the 4th quarter. First Allied Advisory Services Inc. now owns 15,199 shares of the oilfield services company’s stock valued at $740,000 after acquiring an additional 3,922 shares during the period. 80.61% of the stock is owned by institutional investors and hedge funds.
Halliburton Company (NYSE:HAL) traded up $1.32 during midday trading on Friday, hitting $48.45. 9,069,910 shares of the company were exchanged, compared to its average volume of 10,730,000. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $42,390.00, a price-to-earnings ratio of 130.95, a PEG ratio of 2.30 and a beta of 0.96. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $57.86.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. analysts forecast that Halliburton Company will post 2.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, March 6th. Halliburton’s dividend payout ratio is 194.59%.
In other Halliburton news, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anne L. Beaty sold 2,937 shares of Halliburton stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders sold a total of 164,507 shares of company stock valued at $8,380,429 in the last ninety days. Company insiders own 0.46% of the company’s stock.
Several brokerages have recently commented on HAL. Guggenheim raised Halliburton from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Piper Jaffray Companies set a $52.00 target price on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co reissued an “outperform” rating and set a $56.00 price target (up previously from $51.00) on shares of Halliburton in a research note on Thursday, December 21st. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada set a $60.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.59.
COPYRIGHT VIOLATION WARNING: “Raymond James Financial Services Advisors Inc. Reduces Stake in Halliburton Company (NYSE:HAL)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2018/02/24/raymond-james-financial-services-advisors-inc-has-29-55-million-holdings-in-halliburton-company-hal.html.
Halliburton Profile
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.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.
Bagikan Berita Ini
0 Response to "Raymond James Financial Services Advisors Inc. Reduces Stake in Halliburton Company (NYSE:HAL)"
Post a Comment