Signet Financial Management LLC Sells 170 Shares of Halliburton Company (HAL)
Signet Financial Management LLC cut its position in shares of Halliburton Company (NYSE:HAL) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,500 shares of the oilfield services company’s stock after selling 170 shares during the quarter. Signet Financial Management LLC’s holdings in Halliburton were worth $705,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HAL. BlackRock Inc. grew its position in Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Ameriprise Financial Inc. grew its position in Halliburton by 107.8% during the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after buying an additional 8,105,286 shares in the last quarter. Franklin Resources Inc. grew its position in Halliburton by 35.1% during the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after buying an additional 3,844,946 shares in the last quarter. Balyasny Asset Management LLC grew its position in Halliburton by 7,314.7% during the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after buying an additional 3,700,084 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Halliburton by 4.0% during the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Company (HAL) traded down 0.04% during mid-day trading on Thursday, reaching $45.16. 2,015,130 shares of the company’s stock were exchanged. The firm’s market cap is $39.36 billion. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The stock has a 50-day moving average of $41.57 and a 200-day moving average of $44.32.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating 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 negative net margin of 0.86% and a positive return on equity of 2.97%. The firm’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) EPS. Analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
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A number of research firms recently weighed in on HAL. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Monday. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 target price on shares of Halliburton in a research report on Thursday, July 20th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $50.00 in a research report on Thursday, July 20th. Citigroup Inc. lifted their target price on Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.13.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.
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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