Bank of Nova Scotia lowered its position in Halliburton Company (NYSE:HAL) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 255,913 shares of the oilfield services company’s stock after selling 2,477 shares during the period. Bank of Nova Scotia’s holdings in Halliburton were worth $10,931,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton in the 1st quarter worth $100,000. Perigon Wealth Management LLC lifted its stake in Halliburton by 0.8% in the 1st 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 in the last quarter. Ledyard National Bank lifted its stake in Halliburton by 6.5% in the 2nd 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 in the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Halliburton by 5.0% in the 2nd 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 in the last quarter. Finally, Independent Portfolio Consultants Inc. lifted its stake in Halliburton by 87.6% in the 2nd 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 in the last quarter. 79.52% of the stock is owned by institutional investors.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the business earned ($0.14) earnings per share. The company’s revenue was up 29.3% on a year-over-year basis.
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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.
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Several analysts have commented on HAL shares. Seaport Global Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $63.00 to $43.00 in a research note on Wednesday, June 21st. Morgan Stanley restated an “overweight” rating and set a $60.00 target price (down from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. HSBC Holdings plc restated a “buy” rating and set a $62.00 target price (down from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.88.
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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