Halliburton Company (HAL) Position Decreased by Dynamic Capital Management Ltd

Dynamic Capital Management Ltd decreased its stake in shares of Halliburton Company (NYSE:HAL) by 93.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,835 shares of the oilfield services company’s stock after selling 367,197 shares during the period. Dynamic Capital Management Ltd’s holdings in Halliburton were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock valued at $2,878,947,000 after buying an additional 2,242,976 shares during the period. BlackRock Inc. raised its position in shares of Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after buying an additional 50,022,982 shares during the period. Wellington Management Group LLP raised its position in shares of Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares during the period. FMR LLC raised its position in shares of Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock valued at $743,191,000 after buying an additional 1,496,685 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Halliburton by 8.3% in the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock valued at $406,548,000 after buying an additional 635,993 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

Halliburton Company (NYSE HAL) opened at 42.51 on Tuesday. The company has a 50 day moving average price of $43.55 and a 200 day moving average price of $48.99. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78. The firm’s market capitalization is $36.89 billion.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 21.19% and a negative return on equity of 0.48%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the business earned ($0.14) EPS. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities analysts forecast that Halliburton Company will post $1.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.69%. Halliburton’s dividend payout ratio is currently -18.32%.

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HAL has been the subject of several recent analyst reports. TheStreet lowered Halliburton from a “c-” rating to a “d+” rating in a research report on Thursday, June 29th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $50.00 in a research report on Thursday, July 20th. BidaskClub lowered Halliburton from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Cowen and Company dropped their target price on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, April 26th. Finally, Credit Suisse Group set a $60.00 target price on Halliburton and gave the company a “buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and a consensus target price of $59.85.

In related news, Director William E. Albrecht purchased 8,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

About Halliburton

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.