CENTRAL TRUST Co Has $444,000 Position in Halliburton Company (HAL)
CENTRAL TRUST Co increased its stake in shares of Halliburton Company (NYSE:HAL) by 27.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,391 shares of the oilfield services company’s stock after buying an additional 2,218 shares during the period. CENTRAL TRUST Co’s holdings in Halliburton were worth $444,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Feltz Wealth PLAN Inc. acquired a new position in Halliburton during the first quarter worth approximately $276,000. Quantitative Systematic Strategies LLC boosted its position in Halliburton by 375.3% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,265 shares of the oilfield services company’s stock worth $1,883,000 after buying an additional 30,215 shares during the period. DnB Asset Management AS boosted its position in Halliburton by 15.1% in the first quarter. DnB Asset Management AS now owns 130,426 shares of the oilfield services company’s stock worth $6,418,000 after buying an additional 17,100 shares during the period. Reliance Trust Co. of Delaware boosted its position in Halliburton by 31.3% in the first quarter. Reliance Trust Co. of Delaware now owns 32,780 shares of the oilfield services company’s stock worth $1,613,000 after buying an additional 7,815 shares during the period. Finally, Reilly Financial Advisors LLC boosted its position in Halliburton by 23.7% in the first quarter. Reilly Financial Advisors LLC now owns 23,147 shares of the oilfield services company’s stock worth $1,139,000 after buying an additional 4,437 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (HAL) traded down 0.990% during mid-day trading on Tuesday, hitting $39.515. The stock had a trading volume of 2,385,494 shares. The stock’s 50-day moving average price is $42.59 and its 200-day moving average price is $47.52. Halliburton Company has a 52-week low of $39.25 and a 52-week high of $58.78. The firm’s market cap is $34.44 billion.
Halliburton (NYSE:HAL) last posted 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 for the quarter, compared to analysts’ expectations of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) EPS. On average, analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal 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 issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. Halliburton’s payout ratio is -423.50%.
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HAL has been the subject of a number of research analyst reports. HSBC Holdings plc reissued a “buy” rating and set a $62.00 price target (down previously from $65.00) on shares of Halliburton in a report on Thursday, June 22nd. Barclays PLC reissued an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. Guggenheim cut Halliburton from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One 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. Halliburton currently has a consensus 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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