M&R Capital Management Inc. Continues to Hold Position in Halliburton Company (HAL)
M&R Capital Management Inc. continued to hold its position in Halliburton Company (NYSE:HAL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,166 shares of the oilfield services company’s stock at the end of the 2nd quarter. M&R Capital Management Inc.’s holdings in Halliburton were worth $166,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the first quarter worth approximately $100,000. Perigon Wealth Management LLC lifted its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after purchasing an additional 17 shares during the period. Ledyard National Bank lifted its position in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after purchasing an additional 150 shares during the period. Bbva Compass Bancshares Inc. lifted its position in Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after purchasing an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. lifted its position in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after purchasing an additional 1,266 shares during the period. Hedge funds and other institutional investors own 79.52% of the company’s stock.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company’s stock.
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HAL has been the topic of several research reports. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. Deutsche Bank AG initiated coverage on Halliburton in a report on Tuesday. They issued a “buy” rating and a $54.00 price target on the stock. Cowen and Company set a $50.00 price target on Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and upped their price target for the company from $43.00 to $50.00 in a report on Thursday, July 20th. Finally, BidaskClub cut Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.88.
Shares of Halliburton Company (NYSE HAL) traded up 0.38% on Wednesday, hitting $45.20. 1,269,088 shares of the stock were exchanged. The company has a 50-day moving average price of $42.26 and a 200-day moving average price of $44.14. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The firm’s market capitalization is $39.40 billion.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the 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 negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. 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. Shareholders of record on Wednesday, September 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
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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