Capital One National Association boosted its stake in shares of Halliburton Company (NYSE:HAL) by 71.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,060 shares of the oilfield services company’s stock after buying an additional 8,350 shares during the period. Capital One National Association’s holdings in Halliburton were worth $856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC increased its position in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares during the period. Ledyard National Bank increased its position in shares of Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock valued at $114,000 after buying an additional 25 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares during the period. Finally, Tradewinds Capital Management LLC increased its position in shares of Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.
Shares of Halliburton Company (NYSE:HAL) opened at 38.99 on Friday. The firm’s market cap is $33.98 billion. The company has a 50 day moving average of $42.27 and a 200-day moving average of $47.14. 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 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 1.85%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
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Several research analysts have recently issued reports on the stock. Cowen and Company lowered their price target on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. Jefferies Group LLC set a $69.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, April 24th. BMO Capital Markets set a $65.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, April 24th. Deutsche Bank AG lowered their price target on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, April 25th. Finally, Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $59.60.
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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