Cleararc Capital Inc. boosted its stake in shares of Halliburton Company (NYSE:HAL) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,182 shares of the oilfield services company’s stock after buying an additional 176 shares during the period. Cleararc Capital Inc.’s holdings in Halliburton were worth $1,042,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of HAL. Israel Discount Bank of New York GFN bought a new position in shares of Halliburton during the fourth quarter valued at about $100,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Halliburton during the first quarter valued at about $100,000. Perigon Wealth Management LLC bought a new position in shares of Halliburton during the fourth quarter valued at about $109,000. Ledyard National Bank boosted its position in shares of Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock valued at $114,000 after buying an additional 25 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of 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 in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (NYSE HAL) opened at 44.11 on Tuesday. The stock has a 50 day moving average of $44.82 and a 200-day moving average of $50.32. The stock’s market capitalization is $38.28 billion. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, April 24th. The oilfield services company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Halliburton had a negative net margin of 21.19% and a negative return on equity of 0.48%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business posted $0.07 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post $1.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio is presently -18.32%.
HAL has been the topic of several research analyst reports. Jefferies Group LLC set a $69.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, April 24th. BMO Capital Markets set a $65.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, April 24th. Deutsche Bank AG reduced their price target on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, April 25th. HSBC Holdings plc initiated coverage on shares of Halliburton in a research report on Wednesday, April 19th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 price target on shares of Halliburton in a research report on Monday, April 3rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $59.78.
In related news, Director William E. Albrecht acquired 8,000 shares of Halliburton stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $370,640. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.
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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