Berkshire Asset Management LLC PA decreased its stake in Halliburton Company (NYSE:HAL) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,775 shares of the oilfield services company’s stock after selling 350 shares during the period. Berkshire Asset Management LLC PA’s holdings in Halliburton were worth $289,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co raised its stake in shares of Halliburton by 71.3% in the first quarter. CENTRAL TRUST Co now owns 8,173 shares of the oilfield services company’s stock valued at $402,000 after buying an additional 3,403 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Halliburton by 1.8% in the first quarter. Quadrant Capital Group LLC now owns 3,480 shares of the oilfield services company’s stock valued at $159,000 after buying an additional 60 shares in the last quarter. National Pension Service raised its stake in shares of Halliburton by 2.0% in the first quarter. National Pension Service now owns 657,798 shares of the oilfield services company’s stock valued at $32,245,000 after buying an additional 12,935 shares in the last quarter. Murphy Capital Management Inc. raised its stake in shares of Halliburton by 29.3% in the first quarter. Murphy Capital Management Inc. now owns 8,828 shares of the oilfield services company’s stock valued at $434,000 after buying an additional 2,000 shares in the last quarter. Finally, CrestPoint Capital Management LLC raised its stake in shares of Halliburton by 206.5% in the first quarter. CrestPoint Capital Management LLC now owns 14,100 shares of the oilfield services company’s stock valued at $694,000 after buying an additional 9,500 shares in the last quarter. Institutional investors own 79.67% of the company’s stock.
Shares of Halliburton Company (HAL) traded down 1.26% during mid-day trading on Thursday, hitting $40.77. The company had a trading volume of 2,713,105 shares. The firm’s market cap is $35.53 billion. The firm’s 50 day moving average is $42.73 and its 200-day moving average is $47.95. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $4.96 billion for 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share. On average, equities analysts expect that Halliburton Company will post $1.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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Several equities research analysts have commented on HAL shares. BMO Capital Markets set a $67.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, April 12th. HSBC Holdings plc started coverage on Halliburton in a research note on Wednesday, April 19th. They set a “buy” rating and a $65.00 price target for the company. Deutsche Bank AG dropped their price target on Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, April 25th. Jefferies Group LLC set a $69.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Cowen and Company dropped their price target on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.60.
In related news, Director William E. Albrecht acquired 8,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $46.33 per share, with a total value of $370,640.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $370,640. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently 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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