Prudential Financial Inc. Has $61.58 Million Holdings in Halliburton Company (HAL)
Prudential Financial Inc. grew its position in shares of Halliburton Company (NYSE:HAL) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,337,856 shares of the oilfield services company’s stock after purchasing an additional 95,330 shares during the period. Prudential Financial Inc. owned 0.15% of Halliburton worth $61,581,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HAL. Estabrook Capital Management boosted its stake in shares of Halliburton by 82.8% during the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after purchasing an additional 1,250 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Halliburton by 243.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after purchasing an additional 2,243 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Halliburton by 4.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock worth $182,000 after purchasing an additional 167 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Halliburton during the 3rd quarter worth about $184,000. Finally, Krilogy Financial LLC boosted its stake in shares of Halliburton by 35.9% during the 2nd quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after purchasing an additional 1,212 shares during the last quarter. 79.79% of the stock is currently owned by institutional investors.
Several equities research analysts have issued reports on HAL shares. Piper Jaffray Companies set a $53.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. FBR & Co decreased their target price on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Deutsche Bank started coverage on shares of Halliburton in a research report on Tuesday, October 10th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Cowen set a $50.00 target price on shares of Halliburton and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.36.
Halliburton Company (NYSE:HAL) opened at $51.82 on Friday. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. The company has a market cap of $45,220.00, a P/E ratio of 215.92, a P/E/G ratio of 2.93 and a beta of 1.03.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the firm posted $0.01 earnings per share. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. equities analysts expect that Halliburton Company will post 1.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.39%. Halliburton’s payout ratio is 300.00%.
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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.
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