Toronto Dominion Bank Acquires 76,648 Shares of Halliburton (NYSE:HAL)

Toronto Dominion Bank increased its holdings in shares of Halliburton (NYSE:HALGet Rating) by 17.1% in the fourth quarter, HoldingsChannel reports. The firm owned 523,603 shares of the oilfield services company’s stock after buying an additional 76,648 shares during the period. Toronto Dominion Bank’s holdings in Halliburton were worth $11,975,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Congress Wealth Management LLC DE bought a new position in Halliburton during the fourth quarter worth about $1,533,000. Empirical Finance LLC grew its holdings in Halliburton by 36.4% during the fourth quarter. Empirical Finance LLC now owns 15,210 shares of the oilfield services company’s stock worth $348,000 after purchasing an additional 4,058 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Halliburton by 6.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 58,882 shares of the oilfield services company’s stock worth $1,347,000 after purchasing an additional 3,644 shares during the period. Los Angeles Capital Management LLC grew its holdings in Halliburton by 117.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 580,435 shares of the oilfield services company’s stock worth $13,275,000 after purchasing an additional 313,752 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in Halliburton by 1.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 118,176 shares of the oilfield services company’s stock worth $2,703,000 after purchasing an additional 1,336 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

HAL stock opened at $41.64 on Tuesday. The stock has a market capitalization of $37.50 billion, a PE ratio of 25.55 and a beta of 2.42. The company’s 50-day moving average is $35.94 and its 200-day moving average is $28.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.31 and a quick ratio of 1.76. Halliburton has a 1 year low of $17.82 and a 1 year high of $42.25.

Halliburton (NYSE:HALGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Halliburton had a net margin of 9.53% and a return on equity of 16.76%. The business’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, analysts anticipate that Halliburton will post 1.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Wednesday, March 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, March 1st. This is a boost from Halliburton’s previous quarterly dividend of $0.05. Halliburton’s dividend payout ratio is 29.45%.

In related news, VP Timothy Mckeon sold 4,900 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $41.00, for a total value of $200,900.00. Following the sale, the vice president now owns 43,782 shares in the company, valued at approximately $1,795,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Richard sold 16,318 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $33.15, for a total transaction of $540,941.70. The disclosure for this sale can be found here. Insiders have sold a total of 316,272 shares of company stock worth $11,582,682 in the last three months. Insiders own 0.61% of the company’s stock.

A number of brokerages have recently issued reports on HAL. TheStreet upgraded Halliburton from a “c” rating to a “b-” rating in a report on Monday, January 24th. Stephens boosted their price objective on Halliburton from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 25th. Wells Fargo & Company boosted their price objective on Halliburton from $30.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. BMO Capital Markets boosted their price objective on Halliburton from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Tuesday, January 25th. Finally, Citigroup boosted their price objective on Halliburton from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 25th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $31.44.

Halliburton Company Profile (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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