Dynamic Technology Lab Private Ltd boosted its position in Halliburton Company (NYSE:HAL) by 51.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,968 shares of the oilfield services company’s stock after buying an additional 7,122 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Halliburton were worth $1,032,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of HAL. Israel Discount Bank of New York GFN purchased a new position in shares of Halliburton during the fourth quarter worth about $100,000. Independent Advisor Alliance bought a new position in shares of Halliburton during the fourth quarter valued at $101,000. Perigon Wealth Management LLC bought a new position in shares of Halliburton during the fourth quarter valued at $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 during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Halliburton during the fourth quarter valued at about $117,000. Institutional investors own 79.74% of the company’s stock.
Shares of Halliburton Company (HAL) traded down 0.37% during trading on Friday, hitting $42.93. The company had a trading volume of 8,895,558 shares. The stock’s 50-day moving average is $43.32 and its 200 day moving average is $48.71. The firm’s market capitalization is $37.31 billion. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm 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 last year, the firm earned ($0.14) earnings per share. Equities research analysts predict that Halliburton Company will post $1.09 earnings per share 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 dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. Halliburton’s payout ratio is -423.50%.
Several equities research analysts have recently issued reports on HAL shares. TheStreet lowered Halliburton from a “c-” rating to a “d+” rating in a research report on Thursday, June 29th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. BidaskClub lowered Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Cowen and Company decreased their price objective on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. Finally, FBR & Co cut their target price on Halliburton from $70.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.85.
In related news, Director William E. Albrecht purchased 8,000 shares of Halliburton stock in a transaction dated 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 transaction, the director now owns 8,000 shares in the company, valued at $370,640. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company 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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