Mackay Shields LLC Has $13.33 Million Holdings in Halliburton (HAL)

Mackay Shields LLC decreased its holdings in Halliburton (NYSE:HAL) by 32.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 501,602 shares of the oilfield services company’s stock after selling 235,608 shares during the quarter. Mackay Shields LLC owned 0.06% of Halliburton worth $13,333,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Halliburton by 644.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock valued at $604,991,000 after buying an additional 12,922,480 shares in the last quarter. Dodge & Cox raised its position in shares of Halliburton by 73,106.2% in the 3rd quarter. Dodge & Cox now owns 6,734,967 shares of the oilfield services company’s stock valued at $272,968,000 after buying an additional 6,725,767 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Halliburton by 24.6% in the 3rd quarter. Macquarie Group Ltd. now owns 18,166,419 shares of the oilfield services company’s stock valued at $736,285,000 after buying an additional 3,586,694 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Halliburton by 344.0% in the 4th quarter. Toronto Dominion Bank now owns 4,612,880 shares of the oilfield services company’s stock valued at $122,610,000 after buying an additional 3,573,882 shares in the last quarter. Finally, Capital International Investors raised its position in shares of Halliburton by 62.6% in the 3rd quarter. Capital International Investors now owns 8,644,460 shares of the oilfield services company’s stock valued at $350,360,000 after buying an additional 3,328,011 shares in the last quarter. Institutional investors and hedge funds own 80.25% of the company’s stock.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the business’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 sale, the vice president now directly owns 58,848 shares of the company’s stock, valued at approximately $1,677,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the sale, the vice president now directly owns 56,663 shares in the company, valued at $1,670,425.24. The disclosure for this sale can be found here. Insiders have sold a total of 9,774 shares of company stock worth $280,167 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Shares of Halliburton stock opened at $27.97 on Friday. The company has a market cap of $24.41 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.73 and a beta of 1.18. 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 1 year low of $24.70 and a 1 year high of $54.91.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts forecast that Halliburton will post 1.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.

HAL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Goldman Sachs Group initiated coverage on shares of Halliburton in a research report on Sunday, March 10th. They issued a “buy” rating and a $42.00 target price for the company. Stifel Nicolaus set a $36.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Morgan Stanley set a $36.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Cowen upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $45.00 to $35.00 in a research report on Thursday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $45.50.

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Halliburton Company 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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