Nissay Asset Management Corp Japan ADV increased its holdings in shares of Halliburton (NYSE:HAL) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,226 shares of the oilfield services company’s stock after purchasing an additional 2,129 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Halliburton were worth $5,012,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. grew its holdings in Halliburton by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 34,491 shares of the oilfield services company’s stock valued at $1,619,000 after buying an additional 969 shares in the last quarter. Wealthstreet Investment Advisors LLC lifted its stake in shares of Halliburton by 3.6% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 31,539 shares of the oilfield services company’s stock valued at $1,481,000 after purchasing an additional 1,100 shares during the last quarter. State Treasurer State of Michigan lifted its stake in shares of Halliburton by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 256,879 shares of the oilfield services company’s stock valued at $12,058,000 after purchasing an additional 1,100 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Halliburton by 1.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock valued at $4,226,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Trust Co. of Vermont lifted its stake in shares of Halliburton by 58.5% in the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock valued at $137,000 after purchasing an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 78.73% of the company’s stock.

In other Halliburton news, Director Murry Gerber purchased 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $40.66 per share, with a total value of $235,828.00. Following the purchase, the director now owns 60,961 shares of the company’s stock, valued at $2,478,674.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Shares of HAL stock opened at $39.97 on Friday. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72. The company has a market cap of $36.90 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the prior year, the business posted $0.23 earnings per share. Halliburton’s revenue was up 24.0% on a year-over-year basis. research analysts expect that Halliburton will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Wednesday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, September 4th. Halliburton’s dividend payout ratio is currently 59.02%.

Several research firms have recently issued reports on HAL. B. Riley set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Thursday, July 26th. SunTrust Banks lowered their price objective on Halliburton to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 24th. Raymond James lowered their price objective on Halliburton from $62.00 to $59.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 24th. Credit Suisse Group set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Citigroup set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.82.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Further Reading: Closed-End Mutual Funds (CEFs)

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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