Alpha Windward LLC Has $156,000 Position in Halliburton Company (HAL)

Alpha Windward LLC cut its position in Halliburton Company (NYSE:HAL) by 1.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,645 shares of the oilfield services company’s stock after selling 54 shares during the period. Alpha Windward LLC’s holdings in Halliburton were worth $156,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Fund Evaluation Group LLC raised its position in Halliburton by 0.4% in the first quarter. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company’s stock worth $217,000 after buying an additional 16 shares in the last quarter. Perigon Wealth Management LLC raised its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares in the last quarter. Buckhead Capital Management LLC raised its position in Halliburton by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock valued at $361,000 after buying an additional 20 shares during the period. Appleton Partners Inc. MA raised its position in Halliburton by 0.4% in the second quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock valued at $220,000 after buying an additional 21 shares during the period. Finally, Ledyard National Bank raised its position in 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. 78.54% of the stock is currently owned by institutional investors.

Shares of Halliburton Company (NYSE HAL) traded up 0.78% during midday trading on Friday, reaching $38.99. 8,868,248 shares of the company’s stock traded hands. The stock’s market cap is $33.98 billion. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The stock has a 50-day moving average price of $42.27 and a 200-day moving average price of $47.14.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) earnings per share. Analysts forecast 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. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.

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HAL has been the topic of several research analyst reports. Deutsche Bank AG decreased their target price on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, April 25th. BMO Capital Markets set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC set a $69.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, April 24th. Cowen and Company reduced their price objective on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Halliburton in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.60.

About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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