Farmers Trust Co. Has $231,000 Stake in Halliburton Company (HAL)
Farmers Trust Co. raised its position in Halliburton Company (NYSE:HAL) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,427 shares of the oilfield services company’s stock after buying an additional 100 shares during the period. Farmers Trust Co.’s holdings in Halliburton were worth $231,000 at the end of the most recent quarter.
Several 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 worth approximately $100,000. Perigon Wealth Management LLC increased its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank increased its position in Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its position in Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock worth $142,000 after buying an additional 35 shares during the last quarter. 79.67% of the stock is owned by institutional investors.
Shares of Halliburton Company (NYSE HAL) traded up 0.68% during midday trading on Tuesday, reaching $41.73. 2,077,387 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $43.18 and a 200 day moving average price of $48.44. Halliburton Company has a 12 month low of $40.12 and a 12 month high of $58.78. The company’s market cap is $36.37 billion.
Halliburton (NYSE:HAL) last posted 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. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. Equities research analysts forecast that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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A number of research firms have recently commented on HAL. BMO Capital Markets set a $67.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Wednesday, April 12th. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price objective (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $58.85.
In other Halliburton news, Director William E. Albrecht acquired 8,000 shares of the business’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 completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $370,640. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by insiders.
Halliburton Company Profile
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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