Good Life Advisors LLC lifted its holdings in Halliburton Company (NYSE:HAL) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,498 shares of the oilfield services company’s stock after purchasing an additional 523 shares during the quarter. Good Life Advisors LLC’s holdings in Halliburton were worth $401,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of HAL. Wetherby Asset Management Inc. grew its holdings in Halliburton by 2.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 15,172 shares of the oilfield services company’s stock worth $746,000 after acquiring an additional 334 shares in the last quarter. Seatown Holdings Pte. Ltd. acquired a new position in Halliburton during the 1st quarter worth $13,287,000. LA Financiere DE L Echiquier grew its holdings in Halliburton by 33.3% during the 1st quarter. LA Financiere DE L Echiquier now owns 80,000 shares of the oilfield services company’s stock worth $3,937,000 after acquiring an additional 20,000 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Halliburton by 10.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 71,963 shares of the oilfield services company’s stock worth $3,541,000 after acquiring an additional 7,013 shares in the last quarter. Finally, Swedbank grew its holdings in Halliburton by 0.3% during the 1st quarter. Swedbank now owns 2,095,249 shares of the oilfield services company’s stock worth $103,107,000 after acquiring an additional 5,277 shares in the last quarter. 79.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (HAL) traded down 0.07% during trading on Friday, reaching $42.15. The company had a trading volume of 3,510,858 shares. The firm’s market capitalization is $36.74 billion. The firm has a 50-day moving average of $40.43 and a 200 day moving average of $45.16. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. Analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.71%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
Several research analysts have weighed in on the stock. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and issued a $69.00 price objective on shares of Halliburton in a research note on Friday, June 30th. Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective (down from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.61.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate 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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