Louisiana State Employees Retirement System raised its position in shares of Halliburton Company (NYSE:HAL) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 53,800 shares of the oilfield services company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Halliburton were worth $2,298,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Boltwood Capital Management increased its position in shares of Halliburton by 4.4% in the first quarter. Boltwood Capital Management now owns 19,135 shares of the oilfield services company’s stock worth $941,000 after buying an additional 800 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Halliburton by 71.3% in the first quarter. CENTRAL TRUST Co now owns 8,173 shares of the oilfield services company’s stock worth $402,000 after buying an additional 3,403 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Halliburton by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 750,981 shares of the oilfield services company’s stock worth $36,956,000 after buying an additional 24,253 shares during the last quarter. Atalanta Sosnoff Capital LLC increased its position in shares of Halliburton by 43.5% in the first quarter. Atalanta Sosnoff Capital LLC now owns 577,885 shares of the oilfield services company’s stock worth $28,438,000 after buying an additional 175,103 shares during the last quarter. Finally, Park National Corp OH increased its position in shares of Halliburton by 11.3% in the first quarter. Park National Corp OH now owns 102,811 shares of the oilfield services company’s stock worth $5,059,000 after buying an additional 10,429 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Company (NYSE HAL) opened at 44.38 on Friday. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78. The stock’s market capitalization is $38.52 billion. The firm’s 50-day moving average price is $43.66 and its 200 day moving average price is $49.22. Halliburton also saw unusually large options trading on Thursday. Stock traders bought 24,345 call options on the company. This represents an increase of 196% compared to the typical daily volume of 8,227 call options.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Halliburton had a negative return on equity of 0.48% and a negative net margin of 21.19%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton Company will post $1.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -18.32%.
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A number of analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $64.00 price objective (down previously from $66.00) on shares of Halliburton in a research report on Monday, March 27th. Seaport Global Securities reduced their price objective on Halliburton from $72.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, March 27th. BMO Capital Markets set a $67.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 price objective on shares of Halliburton in a research report on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Halliburton in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $59.85.
In other news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $370,640. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.
Halliburton Company Profile
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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