Benin Management CORP Holds Position in Halliburton Company (NYSE:HAL)
Benin Management CORP held its stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,925 shares of the oilfield services company’s stock at the end of the second quarter. Benin Management CORP’s holdings in Halliburton were worth $1,577,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of HAL. Checchi Capital Advisers LLC boosted its stake in shares of Halliburton by 8.9% in the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock valued at $425,000 after buying an additional 707 shares during the period. Marietta Investment Partners LLC boosted its stake in shares of Halliburton by 84.4% in the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock valued at $1,473,000 after buying an additional 13,693 shares during the period. Trexquant Investment LP boosted its stake in shares of Halliburton by 18.1% in the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock valued at $965,000 after buying an additional 3,000 shares during the period. Shell Asset Management Co. boosted its stake in shares of Halliburton by 62.2% in the first quarter. Shell Asset Management Co. now owns 144,957 shares of the oilfield services company’s stock valued at $7,133,000 after buying an additional 55,595 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in shares of Halliburton by 5.3% in the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock valued at $5,526,000 after buying an additional 5,690 shares during the period. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Company (NYSE:HAL) traded down 0.39% on Friday, hitting $40.35. The stock had a trading volume of 2,461,434 shares. The company’s market cap is $35.17 billion. Halliburton Company has a one year low of $40.12 and a one year high of $58.78. The stock has a 50-day moving average of $42.69 and a 200-day moving average of $47.89.
Halliburton (NYSE:HAL) last announced its quarterly earnings data 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. 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Equities analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.78%. Halliburton’s dividend payout ratio (DPR) is -423.50%.
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HAL has been the topic of several analyst reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Halliburton in a report on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. Guggenheim cut shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and a consensus target price of $59.60.
In other news, Director William E. Albrecht acquired 8,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at approximately $370,640. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.
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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