Bellwether Investment Group LLC decreased its stake in Halliburton Company (NYSE:HAL) by 45.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,797 shares of the oilfield services company’s stock after selling 4,068 shares during the period. Bellwether Investment Group LLC’s holdings in Halliburton were worth $236,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in Halliburton by 71.3% in the first quarter. CENTRAL TRUST Co now owns 8,173 shares of the oilfield services company’s stock valued at $402,000 after buying an additional 3,403 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in 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 valued at $36,956,000 after buying an additional 24,253 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its stake in Halliburton by 43.5% in the first quarter. Atalanta Sosnoff Capital LLC now owns 577,885 shares of the oilfield services company’s stock valued at $28,438,000 after buying an additional 175,103 shares in the last quarter. Park National Corp OH increased its stake in Halliburton by 11.3% in the first quarter. Park National Corp OH now owns 102,811 shares of the oilfield services company’s stock valued at $5,059,000 after buying an additional 10,429 shares in the last quarter. Finally, Cacti Asset Management LLC increased its stake in Halliburton by 1.4% in the first quarter. Cacti Asset Management LLC now owns 707,616 shares of the oilfield services company’s stock valued at $34,687,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.
Halliburton Company (NYSE:HAL) traded down 0.90% during trading on Tuesday, reaching $39.55. 7,678,957 shares of the company’s stock traded hands. The company’s market capitalization is $34.47 billion. Halliburton Company has a 12 month low of $39.25 and a 12 month high of $58.78. The firm’s 50 day moving average is $42.59 and its 200-day moving average is $47.52.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) EPS. Analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.82%. Halliburton’s dividend payout ratio is currently -423.50%.
COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/15/bellwether-investment-group-llc-sells-4068-shares-of-halliburton-company-hal-updated-updated-updated.html.
Several equities research analysts have issued reports on the stock. HSBC Holdings plc assumed coverage on shares of Halliburton in a research note on Wednesday, April 19th. They set a “buy” rating and a $65.00 price objective for the company. Cowen and Company decreased their price objective on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. Jefferies Group LLC set a $69.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, April 24th. BMO Capital Markets set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, April 24th. Finally, Deutsche Bank AG decreased their target price on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $59.60.
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.
Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with MarketBeat.com's FREE daily email newsletter.
