Cape Cod Five Cents Savings Bank continued to hold its stake in Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,347 shares of the oilfield services company’s stock at the end of the second quarter. Cape Cod Five Cents Savings Bank’s holdings in Halliburton were worth $1,296,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in HAL. Regent Investment Management LLC raised its stake in Halliburton by 2.3% in the second quarter. Regent Investment Management LLC now owns 12,018 shares of the oilfield services company’s stock worth $513,000 after buying an additional 268 shares during the last quarter. CrestPoint Capital Management LLC raised its stake in Halliburton by 138.3% in the second quarter. CrestPoint Capital Management LLC now owns 33,600 shares of the oilfield services company’s stock worth $1,435,000 after buying an additional 19,500 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Halliburton by 1.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,232,284 shares of the oilfield services company’s stock worth $52,631,000 after buying an additional 13,304 shares during the last quarter. CENTRAL TRUST Co raised its stake in Halliburton by 27.1% in the second quarter. CENTRAL TRUST Co now owns 10,391 shares of the oilfield services company’s stock worth $444,000 after buying an additional 2,218 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in Halliburton by 16.0% in the second quarter. OLD National Bancorp IN now owns 84,476 shares of the oilfield services company’s stock worth $3,608,000 after buying an additional 11,660 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.
Shares of Halliburton Company (NYSE:HAL) traded down 1.21% on Friday, hitting $40.02. The stock had a trading volume of 5,519,611 shares. The company has a 50-day moving average of $42.63 and a 200-day moving average of $47.79. Halliburton Company has a 52-week low of $40.00 and a 52-week high of $58.78. The company’s market cap is $34.88 billion.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. On average, equities analysts anticipate that Halliburton Company will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be issued a $0.18 dividend. 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 1.80%. Halliburton’s payout ratio is -423.50%.
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A number of research firms recently issued reports on HAL. BidaskClub lowered 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 on the stock in a research note on Friday, July 28th. Scotiabank set a $52.00 target price on Halliburton and gave the stock 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Halliburton currently has a consensus rating of “Buy” and an average target price of $59.60.
In other news, Director William E. Albrecht purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $46.33 per share, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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