Asset Management One Co. Ltd. grew its holdings in Halliburton (NYSE:HAL) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 456,523 shares of the oilfield services company’s stock after acquiring an additional 18,364 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of Halliburton worth $10,382,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new stake in shares of Halliburton in the second quarter valued at about $416,000. Tower Research Capital LLC TRC grew its position in Halliburton by 219.8% during the second quarter. Tower Research Capital LLC TRC now owns 205,770 shares of the oilfield services company’s stock worth $4,679,000 after buying an additional 141,431 shares during the period. BlackRock Inc. grew its position in Halliburton by 8.3% during the second quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock worth $1,456,428,000 after buying an additional 4,911,686 shares during the period. ETRADE Capital Management LLC grew its position in Halliburton by 35.2% during the second quarter. ETRADE Capital Management LLC now owns 99,466 shares of the oilfield services company’s stock worth $2,262,000 after buying an additional 25,909 shares during the period. Finally, Chilton Capital Management LLC grew its position in Halliburton by 10.3% during the second quarter. Chilton Capital Management LLC now owns 45,691 shares of the oilfield services company’s stock worth $1,039,000 after buying an additional 4,275 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.
Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Halliburton from $36.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co lowered their price target on shares of Halliburton from $30.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Piper Jaffray Companies set a $26.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, July 1st. Finally, Bank of America decreased their target price on shares of Halliburton from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.67.
HAL stock traded up $0.52 during mid-day trading on Friday, hitting $18.95. 9,690,450 shares of the company were exchanged, compared to its average volume of 13,718,384. Halliburton has a twelve month low of $16.97 and a twelve month high of $40.45. The firm has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $23.20. The company has a current ratio of 2.26, a quick ratio of 1.59 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $16.00 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. As a group, sell-side analysts anticipate that Halliburton will post 1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.80%. Halliburton’s dividend payout ratio (DPR) is 37.89%.
In other Halliburton news, Director William E. Albrecht bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $19.35 per share, for a total transaction of $154,800.00. Following the acquisition, the director now directly owns 16,000 shares of the company’s stock, valued at $309,600. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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