Calamos Wealth Management LLC reduced its position in shares of Halliburton Company (NYSE:HAL) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,348 shares of the oilfield services company’s stock after selling 385 shares during the period. Calamos Wealth Management LLC’s holdings in Halliburton were worth $527,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Halliburton by 4.0% during the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares during the last quarter. BlackRock Inc. grew its stake in shares of Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Halliburton by 1.1% during the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock worth $1,004,532,000 after buying an additional 227,704 shares during the last quarter. FMR LLC grew its stake in shares of Halliburton by 11.0% during the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock worth $743,191,000 after buying an additional 1,496,685 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Halliburton by 8.3% during the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock worth $406,548,000 after buying an additional 635,993 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.
HAL has been the topic of a number of research reports. Credit Suisse Group set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $69.00 target price on shares of Halliburton in a research note on Friday, May 26th. HSBC Holdings plc reaffirmed a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Scotiabank reaffirmed a “buy” rating and set a $59.00 target price on shares of Halliburton in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.61.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.
Shares of Halliburton Company (HAL) opened at 41.26 on Wednesday. The firm’s market cap is $35.96 billion. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a 50 day moving average of $40.53 and a 200-day moving average of $45.29.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS 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 for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Halliburton’s quarterly revenue was up 29.3% on a year-over-year basis. Analysts predict that Halliburton Company will post $1.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
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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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