Farmers & Merchants Trust Co of Chambersburg PA continued to hold its stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,500 shares of the oilfield services company’s stock at the end of the second quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Halliburton were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Ledyard National Bank raised its stake in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Halliburton by 520.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 143,146 shares of the oilfield services company’s stock valued at $6,114,000 after buying an additional 120,092 shares during the period. Texan Capital Management increased its position in Halliburton by 2.6% in the second quarter. Texan Capital Management now owns 36,864 shares of the oilfield services company’s stock valued at $1,574,000 after buying an additional 942 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Halliburton by 7.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,450 shares of the oilfield services company’s stock valued at $233,000 after buying an additional 370 shares in the last quarter. Finally, National Pension Service increased its position in Halliburton by 9.0% in the second quarter. National Pension Service now owns 717,107 shares of the oilfield services company’s stock valued at $30,420,000 after buying an additional 59,309 shares in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.

Shares of Halliburton Company (HAL) traded down 1.00% on Tuesday, hitting $39.51. 2,385,294 shares of the company were exchanged. Halliburton Company has a 52-week low of $39.25 and a 52-week high of $58.78. The company has a 50-day moving average price of $42.59 and a 200 day moving average price of $47.52. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. Analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid 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 dividend yield of 1.80%. Halliburton’s dividend payout ratio is currently -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 raised 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. Cowen and Company decreased their price target on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 26th. Finally, 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. 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 presently has a consensus rating of “Buy” and an average 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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