M&T Bank Corp raised its position in shares of Halliburton Company (NYSE:HAL) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 807,621 shares of the oilfield services company’s stock after buying an additional 20,274 shares during the period. M&T Bank Corp owned about 0.09% of Halliburton worth $39,742,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Smith Shellnut Wilson LLC ADV purchased a new position in shares of Halliburton during the fourth quarter valued at about $652,000. Pacad Investment Ltd. boosted its position in shares of Halliburton by 188.7% in the fourth quarter. Pacad Investment Ltd. now owns 122,649 shares of the oilfield services company’s stock valued at $6,634,000 after buying an additional 80,166 shares in the last quarter. Diligent Investors LLC purchased a new position in shares of Halliburton during the fourth quarter valued at about $618,000. Credit Agricole S A boosted its position in shares of Halliburton by 7.5% in the fourth quarter. Credit Agricole S A now owns 1,076,777 shares of the oilfield services company’s stock valued at $58,243,000 after buying an additional 75,354 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Halliburton during the fourth quarter valued at about $254,000. Hedge funds and other institutional investors own 79.67% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) opened at 44.11 on Tuesday. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78. The stock’s market cap is $38.28 billion. The stock has a 50 day moving average price of $44.82 and a 200-day moving average price of $50.32.
Halliburton (NYSE:HAL) last released its earnings results on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Halliburton Company will post $1.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -18.32%.
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A number of equities analysts have recently weighed in on HAL shares. BMO Capital Markets set a $67.00 price target on Halliburton and gave the stock a “buy” rating in a report on Wednesday, April 12th. Royal Bank Of Canada set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a report on Monday, March 27th. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.78.
In other news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $46.33 per share, with a total value of $370,640.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $370,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by insiders.
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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