Quadrant Capital Group LLC increased its stake in shares of Halliburton Co. (NYSE:HAL) by 17.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,542 shares of the oilfield services company’s stock after buying an additional 379 shares during the period. Quadrant Capital Group LLC’s holdings in Halliburton were worth $104,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC increased its stake in shares of Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 9 shares in the last quarter. Pitcairn Co. increased its stake in shares of 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 in the last quarter. Alpha Windward LLC increased its stake in shares of Halliburton by 1.6% in the second quarter. Alpha Windward LLC now owns 3,609 shares of the oilfield services company’s stock valued at $163,000 after buying an additional 58 shares in the last quarter. Evanson Asset Management LLC increased its stake in shares of Halliburton by 0.9% in the second quarter. Evanson Asset Management LLC now owns 9,815 shares of the oilfield services company’s stock valued at $445,000 after buying an additional 84 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Halliburton by 0.9% in the second quarter. Capital Investment Advisors LLC now owns 14,111 shares of the oilfield services company’s stock valued at $639,000 after buying an additional 121 shares in the last quarter. 79.64% of the stock is owned by institutional investors and hedge funds.
Halliburton Co. (NYSE:HAL) traded up 2.18% during midday trading on Monday, hitting $47.27. The stock had a trading volume of 6,933,995 shares. The company has a 50-day moving average of $43.47 and a 200-day moving average of $42.16. The stock’s market cap is $40.70 billion. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $47.64.
Halliburton (NYSE:HAL) last released its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, topping 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 firm earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 35.2% on a year-over-year basis. Equities research analysts forecast that Halliburton Co. will post ($0.18) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, September 2nd. Halliburton’s payout ratio is presently -10.86%.
HAL has been the subject of several research analyst reports. Loop Capital initiated coverage on Halliburton in a research note on Friday, September 30th. They issued a “buy” rating for the company. Vetr downgraded 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 reissued a “sell” rating on shares of Halliburton in a research note on Wednesday, August 31st. KeyCorp reissued an “overweight” rating and issued 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. reissued a “buy” rating on shares of Halliburton in a research note on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.89.
Halliburton Company Profile
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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