Coastline Trust Co trimmed its holdings in Halliburton Company (NYSE:HAL) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,839 shares of the oilfield services company’s stock after selling 610 shares during the period. Coastline Trust Co’s holdings in Halliburton were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. acquired a new position in Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC raised its position in Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares in the last quarter. Ledyard National Bank raised its position in Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after purchasing an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in Halliburton by 87.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after purchasing an additional 1,266 shares in the last quarter. Institutional investors own 79.53% of the company’s stock.
Several research analysts have commented on HAL shares. Jefferies Group LLC set a $56.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Halliburton in a research report on Thursday, July 20th. Finally, ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.61.
In other news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.
Halliburton Company (NYSE HAL) opened at 42.31 on Friday. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The firm’s market cap is $36.88 billion. The stock’s 50 day moving average is $40.41 and its 200 day moving average is $45.08.
Halliburton (NYSE:HAL) last announced its earnings results 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. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. On average, analysts predict that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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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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