Halliburton Company (HAL) Position Cut by Alexandria Capital LLC
Alexandria Capital LLC cut its stake in shares of Halliburton Company (NYSE:HAL) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,637 shares of the oilfield services company’s stock after selling 25 shares during the period. Alexandria Capital LLC’s holdings in Halliburton were worth $2,334,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HAL. Vanguard Group Inc. increased its stake in shares of Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock valued at $2,878,947,000 after buying an additional 2,242,976 shares in the last quarter. BlackRock Inc. increased its stake in shares of Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares in the last quarter. FMR LLC increased its stake in shares of Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock valued at $743,191,000 after buying an additional 1,496,685 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Halliburton by 8.3% in the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock valued at $406,548,000 after buying an additional 635,993 shares in the last quarter. 78.54% of the stock is owned by hedge funds and other institutional investors.
Halliburton Company (HAL) opened at 39.55 on Wednesday. Halliburton Company has a 52-week low of $39.25 and a 52-week high of $58.78. The company’s market capitalization is $34.47 billion. The company’s 50-day moving average is $42.52 and its 200-day moving average is $47.39.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion for 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 company’s revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, analysts expect 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. Shareholders 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 yield of 1.82%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group reissued an “outperform” rating and set a $55.00 price objective (down previously from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and an average price target of $59.60.
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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