Whittier Trust Co. of Nevada Inc. held its position in Halliburton Co. (NYSE:HAL) during the second quarter, Holdings Channel reports. The institutional investor owned 5,125 shares of the oilfield services company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Halliburton were worth $232,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in shares of Halliburton during the second quarter valued at about $126,987,000. American Century Companies Inc. raised its stake 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 valued at $283,476,000 after buying an additional 1,794,884 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Halliburton during the first quarter valued at about $41,650,000. Natixis purchased a new stake in shares of Halliburton during the first quarter valued at about $27,010,000. Finally, State Street Corp raised its stake 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 valued at $1,425,614,000 after buying an additional 686,990 shares in the last quarter. Institutional investors own 79.64% of the company’s stock.
Halliburton Co. (NYSE:HAL) traded down 1.57% during mid-day trading on Tuesday, reaching $46.52. The company’s stock had a trading volume of 7,063,542 shares. The company’s market cap is $40.06 billion. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $47.64. The firm’s 50 day moving average is $43.48 and its 200-day moving average is $42.34.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The company’s revenue was down 35.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. Equities analysts anticipate that Halliburton Co. will post ($0.18) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, September 2nd. Halliburton’s dividend payout ratio is presently -10.86%.
Several analysts have issued reports on HAL shares. Loop Capital started coverage on Halliburton in a research note on Friday, September 30th. They issued a “buy” rating for the company. Vetr lowered Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price for the company. in a research note on Tuesday, September 6th. Guggenheim reaffirmed a “sell” rating on shares of Halliburton in a research note on Wednesday, August 31st. KeyCorp reaffirmed an “overweight” rating and issued a $54.00 target price (up previously from $45.00) on shares of Halliburton in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reaffirmed 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.03.
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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