Klingenstein Fields & Co. LLC Holds Position in Halliburton Company (HAL)

Klingenstein Fields & Co. LLC held its stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,925 shares of the oilfield services company’s stock at the end of the second quarter. Klingenstein Fields & Co. LLC’s holdings in Halliburton were worth $851,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in shares of Halliburton by 8.9% in the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock worth $425,000 after buying an additional 707 shares during the period. Marietta Investment Partners LLC increased its stake in shares of Halliburton by 84.4% in the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock worth $1,473,000 after buying an additional 13,693 shares during the period. Trexquant Investment LP increased its stake in shares of Halliburton by 18.1% in the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock worth $965,000 after buying an additional 3,000 shares during the period. Shell Asset Management Co. increased its stake in shares of Halliburton by 62.2% in the first quarter. Shell Asset Management Co. now owns 144,957 shares of the oilfield services company’s stock worth $7,133,000 after buying an additional 55,595 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Halliburton by 5.3% in the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock worth $5,526,000 after buying an additional 5,690 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) opened at 38.69 on Friday. Halliburton Company has a 12 month low of $38.55 and a 12 month high of $58.78. The firm’s market capitalization is $33.72 billion. The stock’s 50 day moving average price is $42.37 and its 200-day moving average price is $47.27.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned ($0.14) EPS. The firm’s revenue was up 29.3% on a year-over-year basis. On average, equities research analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. Halliburton’s dividend payout ratio is currently -423.50%.

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HAL has been the subject of a number of research analyst reports. HSBC Holdings plc reiterated a “buy” rating and issued a $62.00 price target (down from $65.00) on shares of Halliburton in a report on Thursday, June 22nd. Barclays PLC reiterated an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. Guggenheim downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average target price of $59.60.

About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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