Kentucky Retirement Systems cut its position in shares of Halliburton (NYSE:HAL) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,106 shares of the oilfield services company’s stock after selling 31,925 shares during the quarter. Kentucky Retirement Systems’ holdings in Halliburton were worth $1,013,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. SevenBridge Financial Group LLC raised its position in Halliburton by 387.5% in the 4th quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after purchasing an additional 775 shares during the last quarter. Essex Savings Bank bought a new stake in shares of Halliburton during the 4th quarter valued at $27,000. CX Institutional bought a new stake in shares of Halliburton during the 4th quarter valued at $30,000. Capital Investment Advisory Services LLC bought a new stake in shares of Halliburton during the 4th quarter valued at $38,000. Finally, CKW Financial Group bought a new stake in shares of Halliburton during the 4th quarter valued at $40,000. 80.94% of the stock is currently owned by institutional investors and hedge funds.
In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total value of $168,002.10. Following the transaction, the chief financial officer now directly owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.
Shares of HAL stock traded down $0.46 on Friday, reaching $31.13. The stock had a trading volume of 9,759,182 shares, compared to its average volume of 8,108,804. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.66 and a beta of 1.17. Halliburton has a 12 month low of $24.70 and a 12 month high of $54.91.
Halliburton (NYSE:HAL) last released 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. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Sell-side analysts predict that Halliburton will post 1.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.18 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.31%. Halliburton’s dividend payout ratio is currently 37.89%.
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.
Further Reading: Quiet Period Expirations
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