Tompkins Financial Corp Maintains Stake in Halliburton Company (NYSE:HAL)

Tompkins Financial Corp maintained its position in shares of Halliburton Company (NYSE:HAL) during the second quarter, Holdings Channel reports. The institutional investor owned 6,435 shares of the oilfield services company’s stock at the end of the second quarter. Tompkins Financial Corp’s holdings in Halliburton were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HAL. Smith Shellnut Wilson LLC ADV increased its position in shares of Halliburton by 8.7% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 13,104 shares of the oilfield services company’s stock worth $593,000 after buying an additional 1,045 shares during the last quarter. Private Trust Co. NA increased its position in shares of Halliburton by 8.8% in the second quarter. Private Trust Co. NA now owns 10,677 shares of the oilfield services company’s stock worth $455,000 after buying an additional 867 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Halliburton by 6.1% in the second quarter. Koshinski Asset Management Inc. now owns 7,880 shares of the oilfield services company’s stock worth $337,000 after buying an additional 450 shares during the last quarter. Evanson Asset Management LLC increased its position in shares of Halliburton by 2.6% in the second quarter. Evanson Asset Management LLC now owns 10,001 shares of the oilfield services company’s stock worth $427,000 after buying an additional 255 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Halliburton by 3.1% in the second quarter. Capstone Asset Management Co. now owns 70,932 shares of the oilfield services company’s stock worth $3,030,000 after buying an additional 2,144 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

Halliburton Company (HAL) traded down 0.99% during mid-day trading on Thursday, reaching $40.88. 1,737,651 shares of the company were exchanged. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78. The stock’s market capitalization is $35.63 billion. The company’s 50 day moving average price is $42.73 and its 200-day moving average price is $47.95.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the company earned ($0.14) EPS. The business’s revenue was up 29.3% on a year-over-year basis. On average, equities research analysts forecast that Halliburton Company will post $1.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.

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A number of equities analysts have commented on the company. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. FBR & Co decreased their target price on Halliburton from $70.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Scotiabank set a $52.00 target price on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 25th. UBS AG restated a “buy” rating and issued a $62.00 target price (down from $70.00) on shares of Halliburton in a research note on Tuesday, July 25th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $55.00 target price (down from $60.00) on shares of Halliburton in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.60.

In other Halliburton news, Director William E. Albrecht acquired 8,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $370,640. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by insiders.

Halliburton 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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