Halliburton Company (HAL) Shares Sold by Check Capital Management Inc. CA

Check Capital Management Inc. CA lowered its stake in shares of Halliburton Company (NYSE:HAL) by 11.8% during the first quarter, Holdings Channel reports. The firm owned 7,451 shares of the oilfield services company’s stock after selling 1,000 shares during the period. Check Capital Management Inc. CA’s holdings in Halliburton Company were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Halliburton Company during the fourth quarter valued at about $42,205,000. HighPoint Advisor Group LLC acquired a new stake in shares of Halliburton Company during the third quarter valued at about $541,000. Fayez Sarofim & Co. raised its stake in shares of Halliburton Company by 54.9% in the third quarter. Fayez Sarofim & Co. now owns 31,104 shares of the oilfield services company’s stock valued at $1,396,000 after buying an additional 11,025 shares during the period. ETRADE Capital Management LLC raised its stake in shares of Halliburton Company by 1.5% in the third quarter. ETRADE Capital Management LLC now owns 56,267 shares of the oilfield services company’s stock valued at $2,526,000 after buying an additional 848 shares during the period. Finally, Sheets Smith Wealth Management raised its stake in shares of Halliburton Company by 12.1% in the third quarter. Sheets Smith Wealth Management now owns 5,550 shares of the oilfield services company’s stock valued at $249,000 after buying an additional 600 shares during the period. Institutional investors own 79.50% of the company’s stock.

Institutional Ownership by Quarter for Halliburton Company (NYSE:HAL)

Shares of Halliburton Company (HAL) opened at 44.13 on Friday. The stock has a 50 day moving average of $46.16 and a 200-day moving average of $51.30. The company’s market capitalization is $38.30 billion. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78. Halliburton Company also was the target of unusually large options trading on Thursday. Investors bought 1,273 put options on the company. This is an increase of 187% compared to the typical volume of 443 put 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 1.40% and a negative net margin of 0.75%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that Halliburton Company will post $0.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, June 5th. Halliburton Company’s dividend payout ratio is presently -10.75%.

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Several analysts recently issued reports on the stock. Vetr upgraded shares of Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $63.20 target price for the company in a research report on Monday, February 13th. FBR & Co upped their price target on shares of Halliburton Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Zacks Investment Research lowered shares of Halliburton Company from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Citigroup Inc reiterated an “overweight” rating and issued a $64.00 price target (up from $63.00) on shares of Halliburton Company in a research report on Saturday, March 11th. Finally, Tudor Pickering initiated coverage on shares of Halliburton Company in a research report on Thursday, March 23rd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.92.

In other news, Director Jeffrey Allen Miller sold 725 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $50.28, for a total transaction of $36,453.00. Following the completion of the transaction, the director now directly owns 299,777 shares of the company’s stock, valued at $15,072,787.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William E. Albrecht acquired 8,000 shares of the stock in a transaction dated Monday, May 15th. The shares were bought at an average cost of $46.33 per share, with a total value of $370,640.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $370,640. The disclosure for this purchase can be found here. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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