North Point Portfolio Managers Corp OH boosted its position in shares of Halliburton Company (NYSE:HAL) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 239,477 shares of the oilfield services company’s stock after buying an additional 1,716 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Halliburton were worth $10,228,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC raised its stake 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 valued at $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank raised its stake in 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 last quarter. Independent Portfolio Consultants Inc. raised its stake 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 valued at $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its stake in Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

Halliburton Company (HAL) opened at 39.55 on Wednesday. The company’s market capitalization is $34.47 billion. The firm’s 50-day moving average is $42.52 and its 200 day moving average is $47.39. Halliburton Company has a one year low of $39.25 and a one year high of $58.78.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, equities analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.82%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.

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Several research firms recently commented on HAL. HSBC Holdings plc began coverage on shares of Halliburton in a research note on Wednesday, April 19th. They set a “buy” rating and a $65.00 price objective on the stock. Cowen and Company dropped their price objective 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. Deutsche Bank AG dropped their price objective on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Jefferies Group LLC set a $69.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average target price of $59.60.

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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