Halliburton Company (HAL) is Talara Capital Management LLC’s 5th Largest Position
Talara Capital Management LLC trimmed its position in Halliburton Company (NYSE:HAL) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,262 shares of the oilfield services company’s stock after selling 117,520 shares during the period. Halliburton accounts for approximately 7.5% of Talara Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Talara Capital Management LLC owned about 0.06% of Halliburton worth $21,452,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BB&T Securities LLC increased its position in shares of Halliburton by 25.3% in the 2nd quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock valued at $2,397,000 after acquiring an additional 11,334 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Halliburton by 16.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock valued at $1,063,000 after acquiring an additional 3,510 shares during the period. Airain ltd increased its position in shares of Halliburton by 31.8% in the 2nd quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock valued at $20,992,000 after acquiring an additional 118,512 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Halliburton by 8.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock valued at $425,000 after acquiring an additional 707 shares during the period. Finally, Marietta Investment Partners LLC increased its position in shares of Halliburton by 84.4% in the 1st quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock valued at $1,473,000 after acquiring an additional 13,693 shares during the period. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on HAL. J P Morgan Chase & Co cut their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $65.00 target price on Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group reissued an “outperform” rating and issued a $55.00 target price (down from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. 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 assigned a strong buy rating to the company. Halliburton presently has an average rating of “Buy” and a consensus price target of $58.61.
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In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the company’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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the 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 analyst estimates of $4.86 billion. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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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