Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Halliburton Company (NYSE:HAL) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,572 shares of the oilfield services company’s stock after selling 2,773 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Halliburton were worth $4,210,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Halliburton by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after acquiring an additional 2,242,976 shares in the last quarter. BlackRock Inc. boosted its position in shares of Halliburton by 2,760.4% during the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after acquiring an additional 50,022,982 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Halliburton by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock worth $1,004,532,000 after acquiring an additional 227,704 shares in the last quarter. FMR LLC boosted its position in shares of Halliburton by 11.0% during the 1st quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock worth $743,191,000 after acquiring an additional 1,496,685 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Halliburton by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock worth $406,548,000 after acquiring an additional 635,993 shares in the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.
Several research firms recently issued reports on HAL. Royal Bank Of Canada set a $65.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group reiterated an “outperform” rating and set a $55.00 price target (down previously from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $60.00 price target (down previously from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.74.
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Shares of Halliburton Company (HAL) opened at 40.63 on Tuesday. The firm’s market capitalization is $35.41 billion. The firm has a 50-day moving average of $40.52 and a 200-day moving average of $45.32. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ 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 company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted ($0.14) EPS. The firm’s revenue was up 29.3% compared to the same quarter last year. Equities analysts anticipate that Halliburton Company will post $1.12 earnings per share 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 $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.77%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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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