Halliburton (HAL) Stake Boosted by Penserra Capital Management LLC

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Penserra Capital Management LLC lifted its stake in shares of Halliburton (NYSE:HAL) by 106.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,342 shares of the oilfield services company’s stock after purchasing an additional 2,242 shares during the quarter. Penserra Capital Management LLC’s holdings in Halliburton were worth $114,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HAL. Essex Savings Bank acquired a new position in shares of Halliburton during the 4th quarter worth $27,000. CX Institutional acquired a new position in shares of Halliburton during the 4th quarter worth $30,000. Capital Investment Advisory Services LLC acquired a new stake in Halliburton in the 4th quarter valued at about $38,000. Ipswich Investment Management Co. Inc. acquired a new stake in Halliburton in the 4th quarter valued at about $40,000. Finally, CKW Financial Group acquired a new stake in Halliburton in the 4th quarter valued at about $40,000. 77.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total transaction of $75,115.04. Following the transaction, the vice president now directly owns 56,663 shares in the company, valued at approximately $1,670,425.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Anne L. Beaty sold 1,300 shares of the firm’s 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 transaction, the vice president now owns 58,848 shares in the company, valued at approximately $1,677,168. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,577 shares of company stock worth $360,700. Insiders own 0.54% of the company’s stock.

NYSE:HAL opened at $32.29 on Thursday. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.95 and a beta of 1.27. 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 12-month low of $24.70 and a 12-month high of $54.91.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.23%. Halliburton’s payout ratio is currently 37.89%.

HAL has been the topic of a number of research reports. Guggenheim set a $50.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 24th. Citigroup set a $45.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Friday, November 30th. Bank of America reissued a “buy” rating and issued a $48.00 price objective (down from $52.00) on shares of Halliburton in a research note on Monday, December 3rd. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a research note on Tuesday, December 11th. Finally, Piper Jaffray Companies set a $33.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research note on Monday, December 17th. One equities research 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 company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.65.

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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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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