Mitchell Mcleod Pugh & Williams Inc. held its stake in Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,810 shares of the oilfield services company’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Halliburton were worth $205,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in Halliburton during the first quarter worth approximately $100,000. Perigon Wealth Management LLC boosted 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 worth $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank boosted its stake in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in 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. Institutional investors own 78.54% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) traded up 0.78% during trading on Friday, reaching $38.99. 8,868,248 shares of the company traded hands. The company’s market capitalization is $33.98 billion. Halliburton Company has a 52 week low of $38.18 and a 52 week 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 announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the firm posted ($0.14) EPS. The company’s revenue was up 29.3% on a year-over-year basis. Equities research analysts forecast that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
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HAL has been the subject of a number of research reports. Sanford C. Bernstein restated a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Halliburton in a research note on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a research note on Thursday, July 20th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Halliburton has an average rating of “Buy” and an average target price 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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