Fifth Third Bancorp Has $1.89 Million Stock Position in Halliburton (NYSE:HAL)

Fifth Third Bancorp raised its holdings in Halliburton (NYSE:HALFree Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 52,297 shares of the oilfield services company’s stock after acquiring an additional 6,081 shares during the quarter. Fifth Third Bancorp’s holdings in Halliburton were worth $1,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Capital Advisors Group LLC. acquired a new stake in shares of Halliburton during the second quarter worth $26,000. Quarry LP bought a new position in Halliburton during the first quarter worth $34,000. KB Financial Partners LLC bought a new position in Halliburton during the first quarter worth $35,000. Ancora Advisors LLC boosted its stake in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 719 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in Halliburton during the second quarter worth $37,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

NYSE HAL opened at $40.84 on Thursday. The company’s 50 day moving average is $36.38 and its 200-day moving average is $37.46. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $36.35 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HALGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts predict that Halliburton will post 3.43 earnings per share for the current year.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio is 23.21%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HAL shares. TD Cowen increased their target price on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Barclays dropped their price objective on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Atb Cap Markets lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. UBS Group raised their price objective on shares of Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Finally, Raymond James dropped their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $48.53.

Read Our Latest Research Report on HAL

About Halliburton

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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