Bank Hapoalim BM acquired a new stake in Halliburton Company (NYSE:HAL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,866 shares of the oilfield services company’s stock, valued at approximately $507,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Verity Asset Management Inc. grew its holdings in Halliburton by 18.3% in the second quarter. Verity Asset Management Inc. now owns 15,154 shares of the oilfield services company’s stock valued at $647,000 after purchasing an additional 2,339 shares during the period. Thrivent Financial For Lutherans grew its holdings in Halliburton by 77.1% in the second quarter. Thrivent Financial For Lutherans now owns 2,199,014 shares of the oilfield services company’s stock valued at $93,919,000 after purchasing an additional 957,014 shares during the period. Impala Asset Management LLC acquired a new stake in Halliburton in the second quarter valued at approximately $24,492,000. BT Investment Management Ltd acquired a new stake in Halliburton in the second quarter valued at approximately $347,000. Finally, Amalgamated Bank grew its holdings in Halliburton by 66.8% in the second quarter. Amalgamated Bank now owns 100,699 shares of the oilfield services company’s stock valued at $4,301,000 after purchasing an additional 40,328 shares during the period. 79.51% of the stock is currently owned by institutional investors.
Several analysts have commented on HAL shares. TheStreet lowered Halliburton from a “c-” rating to a “d+” rating in a report on Thursday, June 29th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and raised their price objective for the company 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. FBR & Co dropped their price objective on Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, Credit Suisse Group set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average price target of $58.61.
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In related news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction on Tuesday, September 5th. The stock was 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 accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.
Shares of Halliburton Company (NYSE:HAL) opened at 43.61 on Thursday. The stock’s market cap is $38.01 billion. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a 50 day moving average price of $40.41 and a 200 day moving average price of $44.79.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. Analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
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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