Alpha Windward LLC reduced its position in shares of Halliburton Company (NYSE:HAL) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,645 shares of the oilfield services company’s stock after selling 54 shares during the period. Alpha Windward LLC’s holdings in Halliburton were worth $156,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Fund Evaluation Group LLC raised its stake in Halliburton by 0.4% in the first quarter. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company’s stock worth $217,000 after buying an additional 16 shares in the last quarter. Perigon Wealth Management LLC increased its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the last quarter. Buckhead Capital Management LLC increased its position in Halliburton by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock worth $361,000 after buying an additional 20 shares during the last quarter. Appleton Partners Inc. MA increased its position in Halliburton by 0.4% in the second quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock worth $220,000 after buying an additional 21 shares during the last quarter. Finally, Ledyard National Bank increased its position in Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares during the last quarter. 78.54% of the stock is currently owned by institutional investors.
Shares of Halliburton Company (HAL) traded up 0.78% during mid-day trading on Friday, hitting $38.99. The stock had a trading volume of 8,868,248 shares. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The stock’s market cap is $33.98 billion. The firm has a 50 day moving average of $42.27 and a 200-day moving average of $47.14.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned ($0.14) EPS. Equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Halliburton’s dividend payout ratio is presently -423.50%.
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Several research analysts have weighed in on HAL shares. Deutsche Bank AG lowered their price objective on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, April 25th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC set a $69.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, April 24th. Cowen and Company lowered their price objective on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. One investment 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 given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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.
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