Halliburton Company (HAL) Shares Bought by Princeton Portfolio Strategies Group LLC
Princeton Portfolio Strategies Group LLC lifted its position in Halliburton Company (NYSE:HAL) by 63.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,145 shares of the oilfield services company’s stock after buying an additional 7,072 shares during the quarter. Princeton Portfolio Strategies Group LLC’s holdings in Halliburton were worth $775,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HAL. BlackRock Inc. increased its holdings in Halliburton by 2,760.4% during the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after purchasing an additional 50,022,982 shares during the period. Ameriprise Financial Inc. increased its holdings in Halliburton by 107.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after purchasing an additional 8,105,286 shares during the period. Franklin Resources Inc. increased its holdings in Halliburton by 35.1% during the 2nd quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after purchasing an additional 3,844,946 shares during the period. Balyasny Asset Management LLC increased its holdings in Halliburton by 7,314.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after purchasing an additional 3,700,084 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Halliburton by 3,294.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock worth $161,631,000 after purchasing an additional 3,672,887 shares during the period. Hedge funds and other institutional investors own 79.51% of the company’s stock.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.
Halliburton Company (NYSE:HAL) traded down 0.75% during mid-day trading on Friday, reaching $44.75. The company’s stock had a trading volume of 11,162,207 shares. The firm has a 50-day moving average of $41.91 and a 200-day moving average of $44.29. The stock’s market capitalization is $39.00 billion. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion during 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 business’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, equities research analysts expect that Halliburton Company will post $1.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. Halliburton’s dividend payout ratio is presently -423.50%.
Several equities research analysts have weighed in on HAL shares. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 price target on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of Halliburton in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.99.
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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