Seaward Management Limited Partnership continued to hold its stake in Halliburton Co. (NYSE:HAL) during the second quarter, Holdings Channel reports. The institutional investor owned 5,940 shares of the oilfield services company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Halliburton were worth $269,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in HAL. Strs Ohio raised its stake in Halliburton by 0.9% in the second quarter. Strs Ohio now owns 873,672 shares of the oilfield services company’s stock valued at $39,568,000 after buying an additional 7,549 shares during the last quarter. First Merchants Corp raised its stake in Halliburton by 72.6% in the second quarter. First Merchants Corp now owns 32,256 shares of the oilfield services company’s stock valued at $1,460,000 after buying an additional 13,569 shares during the last quarter. Atalanta Sosnoff Capital LLC acquired a new stake in Halliburton during the second quarter valued at about $24,549,000. Pitcairn Co. raised its stake in Halliburton by 0.7% in the second quarter. Pitcairn Co. now owns 7,694 shares of the oilfield services company’s stock valued at $349,000 after buying an additional 54 shares during the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in Halliburton during the second quarter valued at about $210,000. 79.64% of the stock is owned by institutional investors.
Halliburton Co. (NYSE:HAL) traded down 1.10% during mid-day trading on Monday, hitting $41.38. 9,322,495 shares of the company traded hands. The company’s market capitalization is $35.63 billion. Halliburton Co. has a one year low of $27.64 and a one year high of $46.90. The company’s 50-day moving average price is $43.47 and its 200 day moving average price is $41.69.
Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the business earned $0.44 EPS. Halliburton’s revenue for the quarter was down 35.2% compared to the same quarter last year. On average, analysts anticipate that Halliburton Co. will post ($0.18) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. Halliburton’s payout ratio is -10.86%.
Several equities research analysts have recently issued reports on the stock. Vetr lowered shares of Halliburton from a “buy” rating to a “hold” rating and set a $42.96 price objective for the company. in a research report on Monday, September 19th. Guggenheim reissued a “sell” rating on shares of Halliburton in a research report on Wednesday, August 31st. Jefferies Group reissued a “buy” rating on shares of Halliburton in a research report on Tuesday, August 30th. Atlantic Securities assumed coverage on shares of Halliburton in a research report on Monday, August 8th. They issued an “underweight” rating and a $38.00 price objective for the company. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.65.
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.
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