BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of Halliburton Company (NYSE:HAL) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,866 shares of the oilfield services company’s stock after selling 52,101 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Halliburton were worth $13,234,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after buying an additional 50,022,982 shares during the period. Vanguard Group Inc. increased its position in Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock valued at $2,878,947,000 after buying an additional 2,242,976 shares during the period. Janus Capital Management LLC increased its position in Halliburton by 70.1% in the first quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock valued at $228,423,000 after buying an additional 1,913,257 shares during the period. Westwood Holdings Group Inc. increased its position in Halliburton by 20,009.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,551,240 shares of the oilfield services company’s stock valued at $76,337,000 after buying an additional 1,543,526 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Halliburton by 261.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,112,557 shares of the oilfield services company’s stock valued at $103,959,000 after buying an additional 1,528,779 shares during the period. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Company (HAL) opened at 38.79 on Tuesday. The stock’s market cap is $33.81 billion. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The firm has a 50-day moving average price of $41.73 and a 200-day moving average price of $46.52.

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, topping analysts’ consensus estimates 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 company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm earned ($0.14) EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. Equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.

The business 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 1.86%. Halliburton’s payout ratio is -423.50%.

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HAL has been the topic of several research reports. TheStreet downgraded shares of Halliburton from a “c-” rating to a “d+” rating in a research note on Thursday, June 29th. Seaport Global Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $50.00 in a research note on Thursday, July 20th. BidaskClub downgraded shares of Halliburton from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. FBR & Co decreased their price target on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.60.

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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