Burke & Herbert Bank & Trust Co. reduced its position in shares of Halliburton Company (NYSE:HAL) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,793 shares of the oilfield services company’s stock after selling 198 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Halliburton were worth $418,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. 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 during the period. 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 during the period. 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 worth $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 worth $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 worth $114,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Halliburton Company (HAL) traded down 0.49% on Friday, hitting $40.31. 2,053,650 shares of the stock were exchanged. The company’s market cap is $35.13 billion. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $58.78. The company’s 50-day moving average is $42.69 and its 200-day moving average is $47.89.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company posted ($0.14) EPS. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that Halliburton Company will post $1.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Halliburton’s payout ratio is presently -423.50%.

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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, April 24th. UBS AG reiterated a “buy” rating and issued a $70.00 price objective on shares of Halliburton in a research report on Monday, May 15th. Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price objective (down from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $59.60.

In other Halliburton news, Director William E. Albrecht acquired 8,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $370,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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