Doliver Capital Advisors LP acquired a new stake in Halliburton Company (NYSE:HAL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the oilfield services company’s stock, valued at approximately $256,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Perigon Wealth Management LLC increased its holdings in shares of Halliburton by 0.8% during the 1st 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. Comerica Securities Inc. increased its holdings in shares of Halliburton by 0.3% during the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after buying an additional 18 shares during the last quarter. Appleton Partners Inc. MA increased its holdings in shares of Halliburton by 0.4% during the 2nd 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 last quarter. Hanson McClain Inc. increased its holdings in shares of Halliburton by 0.8% during the 1st quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company’s stock worth $222,000 after buying an additional 34 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its holdings in shares of Halliburton by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,348 shares of the oilfield services company’s stock worth $165,000 after buying an additional 36 shares during the last quarter. Institutional investors own 79.51% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) traded up 0.44% during midday trading on Friday, reaching $46.03. 6,683,345 shares of the company were exchanged. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The stock’s 50-day moving average price is $40.41 and its 200-day moving average price is $44.79. The company’s market capitalization is $40.12 billion.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. Analysts anticipate that Halliburton Company will post $1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were given a $0.18 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. Halliburton’s payout ratio is currently -423.50%.

In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

A number of analysts have recently issued reports on HAL shares. Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, June 5th. Seaport Global Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $63.00 to $43.00 in a report on Wednesday, June 21st. Morgan Stanley restated an “overweight” rating and set a $60.00 price target (down previously from $67.00) on shares of Halliburton in a report on Wednesday, June 21st. HSBC Holdings plc restated 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. Finally, ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and a consensus target price of $58.61.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/doliver-capital-advisors-lp-invests-256000-in-halliburton-company-hal-stock/1598580.html.

Halliburton 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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with Analyst Ratings Network's FREE daily email newsletter.