UMB Bank NA MO Invests $9.88 Million in Halliburton Company (HAL) Stock

UMB Bank NA MO Invests $9.88 Million in Halliburton Company (HAL) Stock

The firm owned 22,312 shares of the oilfield services company's stock after selling 2,950 shares during the period.

Other hedge funds have also recently added to or reduced their stakes in the company. Revenue in North America came in at $3.4 billion, up from $1.8 billion a year ago. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Halliburton during the third quarter worth approximately $184,000. Krilogy Financial LLC grew its stake in Halliburton by 35.9% during the 2nd quarter. Estabrook Capital Management raised its position in shares of Halliburton by 82.8% during the second quarter.

Halliburton lost $149 million in the final quarter of 2016, but gained $365 million in the third quarter of previous year. Hightower Advisors Llc who had been investing in Textron Inc for a number of months, seems to be bullish on the $15.48B market cap company. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Tuesday, February 16. Piper Jaffray maintained the shares of HAL in report on Thursday, December 14 with "Buy" rating.

Guggenheim upgrades HAL to Buy from Neutral with a $75 price target, reflecting its belief that the USA fracking market will stay tight this year, supporting pricing, with HAL set to benefit from lower corporate taxes and the addition of new fleets of equipment.

1/22/2018-Guggenheim Upgrade from a "Neutral " rating to a " Buy" rating. Zacks Investment Research lowered Halliburton from a "buy" rating to a "hold" rating in a report on Friday, January 5th. Jefferies Group set a $57.00 price objective on Halliburton and gave the stock a "buy" rating in a research report on Thursday, January 4th. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.48 average brokerage recommendation. Halliburton presently has an average rating of "Buy" and an average price target of $56.53. $1.45M worth of Halliburton Company (NYSE:HAL) shares were sold by Carre Eric. The stock had a trading volume of 17,330,000 shares, compared to its average volume of 8,310,000. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67.

Halliburton, which is valued at about $50 billion, and Schlumberger, which is worth about $110 billion, help drilling companies to set up... In this case, shares are 38.84% higher, the worst price in 52 weeks suffered on August 18, 2017, and are keeping their losses at 16.81% for the past six months.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, January 22nd.

UMB Bank NA MO Invests $9.88 Million in Halliburton Company (HAL) Stock

Jeff Miller, president and chief executive of Halliburton, said that he was optimistic about the prospects for the oil industry generally and for North America in particular, where the company's revenues are climbing. Currently, United States Steel Corporation net profit margin for the 12 months is at 1.05%.

X's revenue has declined at an average annualized rate of about -10% during the past five years.

But Halliburton lost $824 million in the fourth quarter, compared to a loss of $149 million during the same period a year earlier. Stockholders of record on Thursday, December 7th were issued a $0.18 dividend.

On 11/3/2017 Halliburton announced a quarterly dividend of $0.18 1.6% with an ex dividend date of 12/6/2017 which will be payable on 12/28/2017. Halliburton's dividend payout ratio (DPR) is 300.00%. The stock grabbed 74 new institutional investments totaling 13,103,566 shares while 91 institutional investors sold out their entire positions totaling 13,530,912 shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

On 1/8/2018 Anne L Beaty, VP, sold 2,937 with an average share price of $51.57 per share and the total transaction amounting to $151,461.09. Following the sale, the insider now directly owns 18,612 shares of the company's stock, valued at $911,801.88. The disclosure for this sale can be found here. The stock decreased 0.63% or $0.34 during the last trading session, reaching $53.72. Echo Street Capital Management Llc acquired 164,267 shares as Groupe Cgi Inc (GIB)'s stock rose 0.04%.

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