Halliburton Company (HAL) Shares Bought by Ken Stern & Associates Inc.
Ken Stern & Associates Inc. grew its position in shares of Halliburton Company (NYSE:HAL) by 0.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,099 shares of the oilfield services company’s stock after buying an additional 1 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Halliburton were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC grew its stake in shares of Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares during the last quarter. Ledyard National Bank grew its stake in shares of Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after purchasing an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. grew its stake in shares of Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after purchasing an additional 128 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. grew its stake in shares of Halliburton by 87.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after purchasing an additional 1,266 shares during the last quarter. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by insiders.
Halliburton Company (HAL) opened at 43.61 on Thursday. 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 of $40.41 and a 200-day moving average of $44.79. The company’s market cap is $38.01 billion.
Halliburton (NYSE:HAL) last released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned ($0.14) EPS. Halliburton’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. Halliburton’s payout ratio is presently -423.50%.
Several analysts have recently commented on HAL shares. ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $56.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Halliburton in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price target on shares of Halliburton in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $58.61.
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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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