Winfield Associates Inc. maintained its position in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,107 shares of the oilfield services company’s stock at the end of the second quarter. Winfield Associates Inc.’s holdings in Halliburton were worth $133,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 in the last quarter. BlackRock Inc. increased 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 in the last quarter. Wellington Management Group LLP increased 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 in the last quarter. FMR LLC increased 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 in the last quarter. Finally, Geode Capital Management LLC increased 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 in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.
Halliburton Company (NYSE HAL) opened at 38.69 on Friday. The company’s market cap is $33.72 billion. The stock’s 50 day moving average is $42.37 and its 200-day moving average is $47.27. Halliburton Company has a 52-week low of $38.55 and a 52-week high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. Equities research analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders 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 dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
TRADEMARK VIOLATION WARNING: “Winfield Associates Inc. Continues to Hold Stake in Halliburton Company (HAL)” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/18/winfield-associates-inc-continues-to-hold-stake-in-halliburton-company-hal.html.
HAL has been the subject of several research analyst reports. TheStreet downgraded shares of Halliburton from a “c-” rating to a “d+” rating in a research report on Thursday, June 29th. Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $50.00 in a research report on Thursday, July 20th. BidaskClub downgraded shares of Halliburton from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Cowen and Company lowered 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 report on Wednesday, April 26th. Finally, FBR & Co lowered their price target on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus 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.
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL).
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.
