Fmr LLC Purchases 313,189 Shares of Halliburton Company (HAL)
Fmr LLC raised its position in shares of Halliburton Company (NYSE:HAL) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,415,634 shares of the oilfield services company’s stock after purchasing an additional 313,189 shares during the period. Fmr LLC owned 1.77% of Halliburton worth $658,402,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Halliburton during the 1st quarter worth about $100,000. Perigon Wealth Management LLC raised its stake 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 purchasing an additional 17 shares in the last quarter. Ledyard National Bank raised its stake in shares of Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after purchasing an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after purchasing an additional 1,266 shares in the last quarter. 79.51% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on HAL. Royal Bank Of Canada set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Saturday, June 24th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $69.00 price target on shares of Halliburton in a research note on Friday, June 30th. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective (down from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st. Finally, BidaskClub raised Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.61.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.
Shares of Halliburton Company (HAL) opened at 44.25 on Friday. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a 50-day moving average price of $40.41 and a 200 day moving average price of $44.79. The firm’s market cap is $38.57 billion.
Halliburton (NYSE:HAL) last issued 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. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
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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