Halliburton Co. (HAL) Short Interest Down 8.4% in September
Halliburton Co. (NYSE:HAL) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 19,520,490 shares, a decrease of 8.4% from the August 31st total of 21,308,701 shares. Based on an average daily volume of 7,196,547 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.3% of the shares of the company are short sold.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC increased its position in Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares in the last quarter. Point View Wealth Management Inc. increased its stake in Halliburton by 0.6% in the second quarter. Point View Wealth Management Inc. now owns 6,254 shares of the oilfield services company’s stock worth $283,000 after buying an additional 39 shares during the period. Pitcairn Co. increased its stake in Halliburton by 0.7% in the second quarter. Pitcairn Co. now owns 7,694 shares of the oilfield services company’s stock worth $349,000 after buying an additional 54 shares during the period. Alpha Windward LLC increased its stake in Halliburton by 1.6% in the second quarter. Alpha Windward LLC now owns 3,609 shares of the oilfield services company’s stock worth $163,000 after buying an additional 58 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in Halliburton by 2.5% in the second quarter. Evercore Wealth Management LLC now owns 2,864 shares of the oilfield services company’s stock worth $130,000 after buying an additional 69 shares during the period. 79.64% of the stock is owned by institutional investors.
A number of brokerages have issued reports on HAL. Citigroup Inc. upped their price target on shares of Halliburton from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Stephens restated a “top pick” rating on shares of Halliburton in a research note on Friday, July 15th. Vetr lowered shares of Halliburton from a “buy” rating to a “hold” rating and set a $46.86 price target on the stock. in a research note on Thursday. Societe Generale lowered shares of Halliburton from a “buy” rating to a “hold” rating and upped their price target for the company from $46.00 to $50.00 in a research note on Monday, July 18th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Halliburton in a research note on Tuesday, July 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and an average target price of $46.89.
Halliburton (NYSE:HAL) opened at 45.72 on Thursday. The company has a 50-day moving average of $43.44 and a 200-day moving average of $42.06. The stock’s market cap is $39.37 billion. Halliburton has a 52 week low of $27.64 and a 52 week high of $46.90.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The company earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s quarterly revenue was down 35.2% compared to the same quarter last year. On average, analysts predict that Halliburton will post ($0.18) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, September 2nd. Halliburton’s dividend payout ratio is currently -10.86%.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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