Gateway Investment Advisers LLC boosted its position in shares of Halliburton Company (NYSE:HAL) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770,574 shares of the oilfield services company’s stock after buying an additional 31,893 shares during the period. Gateway Investment Advisers LLC’s holdings in Halliburton were worth $32,911,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its position in Halliburton by 8.9% in the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock worth $425,000 after buying an additional 707 shares during the last quarter. Marietta Investment Partners LLC raised its position in Halliburton by 84.4% in the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock worth $1,473,000 after buying an additional 13,693 shares during the last quarter. Trexquant Investment LP raised its position in Halliburton by 18.1% in the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock worth $965,000 after buying an additional 3,000 shares during the last quarter. Shell Asset Management Co. raised its position in Halliburton by 62.2% in the first quarter. Shell Asset Management Co. now owns 144,957 shares of the oilfield services company’s stock worth $7,133,000 after buying an additional 55,595 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in Halliburton by 5.3% in the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock worth $5,526,000 after buying an additional 5,690 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors.
Shares of Halliburton Company (HAL) traded down 0.99% during midday trading on Thursday, reaching $40.88. 1,738,559 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $42.73 and its 200 day moving average price is $47.95. The firm’s market capitalization is $35.63 billion. Halliburton Company has a one year low of $40.12 and a one year high of $58.78.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. Halliburton’s dividend payout ratio is currently -423.50%.
A number of research analysts recently weighed in on HAL shares. HSBC Holdings plc reissued a “buy” rating and set a $62.00 price target (down from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. Barclays PLC reissued an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Guggenheim lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and an average price target of $59.60.
In other news, Director William E. Albrecht bought 8,000 shares of the stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $370,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate 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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