LMR Partners LLP bought a new stake in Halliburton Co. (NYSE:HAL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 14,236 shares of the oilfield services company’s stock, valued at approximately $644,000.
Other large investors also recently bought and sold shares of the company. Trillium Asset Management LLC bought a new stake in Halliburton during the second quarter valued at $220,000. Hudson Canyon Investment Counselors LLC bought a new stake in Halliburton during the second quarter valued at $1,340,000. Redwood Investments LLC bought a new stake in Halliburton during the second quarter valued at $10,083,000. Burke & Herbert Bank & Trust Co. raised its stake in Halliburton by 16.7% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 8,217 shares of the oilfield services company’s stock valued at $372,000 after buying an additional 1,174 shares during the period. Finally, Standard Life Investments LTD raised its stake in Halliburton by 9.1% in the second quarter. Standard Life Investments LTD now owns 6,858,700 shares of the oilfield services company’s stock valued at $310,528,000 after buying an additional 574,143 shares during the period. Hedge funds and other institutional investors own 79.64% of the company’s stock.
Halliburton Co. (NYSE:HAL) traded down 1.48% during mid-day trading on Tuesday, hitting $46.56. The stock had a trading volume of 7,635,528 shares. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $47.64. The firm’s 50-day moving average price is $43.48 and its 200-day moving average price is $42.34. The stock’s market cap is $40.09 billion.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The firm’s revenue was down 35.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, equities analysts expect that Halliburton Co. will post ($0.18) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th were paid 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 -10.86%.
HAL has been the topic of several recent analyst reports. Loop Capital initiated coverage on Halliburton in a research report on Friday, September 30th. They issued a “buy” rating on the stock. Vetr downgraded Halliburton from a “buy” rating to a “hold” rating and set a $42.96 price target on the stock. in a research report on Tuesday, September 6th. Guggenheim reaffirmed a “sell” rating on shares of Halliburton in a research report on Wednesday, August 31st. KeyCorp reaffirmed an “overweight” rating and issued a $54.00 price target (up from $45.00) on shares of Halliburton in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Halliburton in a research report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.03.
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.