Hedeker Wealth LLC reduced its stake in shares of Halliburton Company (NYSE:HAL) by 16.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,485 shares of the oilfield services company’s stock after selling 3,733 shares during the period. Hedeker Wealth LLC’s holdings in Halliburton were worth $958,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC purchased a new position in shares of Halliburton during the fourth quarter worth approximately $109,000. 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 worth $114,000 after buying an additional 25 shares during the last quarter. 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 worth $142,000 after buying an additional 35 shares during the last quarter. Finally, Coconut Grove Bank increased its position in shares of Halliburton by 35.5% in the first quarter. Coconut Grove Bank now owns 3,055 shares of the oilfield services company’s stock worth $150,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.
Shares of Halliburton Company (HAL) traded up 0.78% on Friday, hitting $38.99. 8,868,248 shares of the stock traded hands. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The stock’s market cap is $33.98 billion. The company’s 50 day moving average is $42.37 and its 200 day moving average is $47.27.
Halliburton (NYSE:HAL) last released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, equities analysts forecast 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. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.85%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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HAL has been the subject of a number of analyst reports. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC set a $69.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, April 24th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, April 24th. Deutsche Bank AG cut their price objective on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, April 25th. Finally, HSBC Holdings plc restated a “buy” rating and set a $62.00 price objective (down previously from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Halliburton has a consensus rating of “Buy” and an average target price 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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