Delta Asset Management LLC TN decreased its position in shares of Halliburton Company (NYSE:HAL) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,714 shares of the oilfield services company’s stock after selling 300 shares during the period. Delta Asset Management LLC TN’s holdings in Halliburton were worth $116,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Fund Evaluation Group LLC raised its stake in shares of 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 increased its stake 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 valued at $101,000 after buying an additional 17 shares during the last quarter. Buckhead Capital Management LLC increased its stake 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 last quarter. Appleton Partners Inc. MA increased its stake 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 last quarter. Finally, Ledyard National Bank increased its stake 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 last quarter. 78.54% of the stock is owned by hedge funds and other institutional investors.
Halliburton Company (HAL) traded up 0.78% on Friday, hitting $38.99. The stock had a trading volume of 8,868,248 shares. The company’s market cap is $33.98 billion. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company’s 50 day moving average price is $42.27 and its 200-day moving average price is $47.14.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the 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 was up 29.3% compared to the same quarter last year. During the same period last year, the company posted ($0.14) EPS. Equities research analysts anticipate that Halliburton Company will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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Several analysts recently weighed in on HAL shares. Sanford C. Bernstein restated a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a report on Thursday, July 20th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. One equities research 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.60.
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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