QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Halliburton Company (NYSE:HAL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,400 shares of the oilfield services company’s stock, valued at approximately $1,250,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fund Evaluation Group LLC increased its position in shares of 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. Buckhead Capital Management LLC boosted its stake 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. Ledyard National Bank boosted its stake 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. Hanson McClain Inc. boosted its stake in Halliburton by 0.8% in the first quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company’s stock worth $222,000 after buying an additional 34 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock worth $142,000 after buying an additional 35 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) opened at 41.03 on Wednesday. The firm’s market capitalization is $35.76 billion. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78. The company’s 50 day moving average price is $42.96 and its 200 day moving average price is $48.31.
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. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm earned ($0.14) EPS. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. Analysts forecast that Halliburton Company will post $1.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is presently -423.50%.
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A number of equities analysts have recently commented on HAL shares. HSBC Holdings plc started coverage on shares of Halliburton in a report on Wednesday, April 19th. They issued a “buy” rating and a $65.00 target price on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. Barclays PLC reiterated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Scotiabank reiterated a “buy” rating and issued a $59.00 price objective on shares of Halliburton in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $59.60.
In related news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $46.33 per share, with a total value of $370,640.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at $370,640. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.
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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