Advisory Services Network LLC reduced its position in shares of Halliburton Co. (NYSE:HAL) by 18.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,616 shares of the oilfield services company’s stock after selling 2,645 shares during the period. Advisory Services Network LLC’s holdings in Halliburton were worth $526,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in shares of Halliburton during the second quarter worth approximately $126,987,000. American Century Companies Inc. raised its position in shares of Halliburton by 40.2% in the second quarter. American Century Companies Inc. now owns 6,259,138 shares of the oilfield services company’s stock worth $283,476,000 after buying an additional 1,794,884 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Halliburton during the first quarter worth approximately $41,650,000. Natixis purchased a new position in shares of Halliburton during the first quarter worth approximately $27,010,000. Finally, State Street Corp raised its position in shares of Halliburton by 1.8% in the first quarter. State Street Corp now owns 39,910,859 shares of the oilfield services company’s stock worth $1,425,614,000 after buying an additional 686,990 shares during the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.
Halliburton Co. (NYSE:HAL) traded up 1.42% on Thursday, reaching $46.37. The company’s stock had a trading volume of 7,624,049 shares. The company’s market cap is $39.93 billion. The firm’s 50-day moving average price is $43.44 and its 200 day moving average price is $42.06. Halliburton Co. has a 52-week low of $27.64 and a 52-week high of $46.90.
Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The firm’s revenue for the quarter was down 35.2% compared to the same quarter last year. Equities analysts anticipate that Halliburton Co. will post ($0.18) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. Halliburton’s payout ratio is -10.86%.
Several research firms have issued reports on HAL. Loop Capital began coverage on Halliburton in a research note on Friday, September 30th. They set a “buy” rating for the company. Vetr lowered Halliburton from a “buy” rating to a “hold” rating and set a $42.96 price objective for the company. in a research note on Tuesday, September 6th. Guggenheim reiterated a “sell” rating on shares of Halliburton in a research note on Wednesday, August 31st. KeyCorp reiterated an “overweight” rating and set a $54.00 price objective (up from $45.00) on shares of Halliburton in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Halliburton in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.89.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Co. (NYSE:HAL).
Receive News & Ratings for Halliburton Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Co. and related companies with MarketBeat.com's FREE daily email newsletter.