Public Employees Retirement Association of Colorado reduced its position in shares of Halliburton Company (NYSE:HAL) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,497,158 shares of the oilfield services company’s stock after selling 3,201 shares during the period. Public Employees Retirement Association of Colorado owned about 0.17% of Halliburton Company worth $73,675,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HAL. Independent Advisor Alliance acquired a new position in shares of Halliburton Company during the fourth quarter worth approximately $101,000. Israel Discount Bank of New York GFN acquired a new position in shares of Halliburton Company during the fourth quarter worth approximately $100,000. Perigon Wealth Management LLC acquired a new position in shares of Halliburton Company during the fourth quarter worth approximately $109,000. Sowell Financial Services LLC acquired a new position in shares of Halliburton Company during the fourth quarter worth approximately $117,000. Finally, Ledyard National Bank boosted its position in shares of Halliburton Company 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. 79.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Halliburton Company (NYSE:HAL) traded down 4.82% on Thursday, reaching $45.41. 18,425,452 shares of the company traded hands. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78. The firm has a 50-day moving average of $47.14 and a 200-day moving average of $51.48. The company’s market capitalization is $39.41 billion. Halliburton Company also was the recipient of unusually large options trading on Monday. Investors bought 3,974 call options on the company. This represents an increase of 336% compared to the typical volume of 911 call options.
Halliburton Company (NYSE:HAL) last announced its quarterly earnings data on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative return on equity of 0.15% and a negative net margin of 36.28%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $0.07 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Halliburton Company will post $0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.59%. Halliburton Company’s payout ratio is presently -10.75%.
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A number of brokerages have recently commented on HAL. Cowen and Company cut their target price on shares of Halliburton Company from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of Halliburton Company in a report on Monday, April 3rd. Vetr raised shares of Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $63.20 target price on the stock in a report on Monday, February 13th. Jefferies Group LLC set a $69.00 target price on shares of Halliburton Company and gave the company a “buy” rating in a report on Monday, April 24th. Finally, FBR & Co boosted their price objective on shares of Halliburton Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $60.92.
In other news, insider Myrtle L. Jones sold 726 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $52.63, for a total transaction of $38,209.38. Following the completion of the sale, the insider now directly owns 15,418 shares of the company’s stock, valued at approximately $811,449.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 725 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $50.28, for a total value of $36,453.00. Following the sale, the director now directly owns 299,777 shares of the company’s stock, valued at $15,072,787.56. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.
Halliburton Company 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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