Bbva Compass Bancshares Inc. Purchases 128 Shares of Halliburton Company (HAL)
Bbva Compass Bancshares Inc. boosted its stake in shares of Halliburton Company (NYSE:HAL) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 2,701 shares of the oilfield services company’s stock after buying an additional 128 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Halliburton were worth $115,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of HAL. BlackRock Inc. raised its position in 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 during the period. Vanguard Group Inc. raised its position in 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 during the period. Janus Capital Management LLC raised its position in Halliburton by 70.1% in the first quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock valued at $228,423,000 after buying an additional 1,913,257 shares during the period. Westwood Holdings Group Inc. raised its position in Halliburton by 20,009.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,551,240 shares of the oilfield services company’s stock valued at $76,337,000 after buying an additional 1,543,526 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Halliburton by 261.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,112,557 shares of the oilfield services company’s stock valued at $103,959,000 after buying an additional 1,528,779 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.
Halliburton Company (NYSE HAL) opened at 38.69 on Friday. The stock’s 50 day moving average is $42.37 and its 200 day moving average is $47.27. Halliburton Company has a 12 month low of $38.55 and a 12 month high of $58.78. The firm’s market cap is $33.72 billion.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. On average, equities analysts forecast that Halliburton Company will post $1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is presently -423.50%.
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Several equities analysts have recently weighed in on HAL shares. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of Halliburton in a report on Thursday, July 20th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and a consensus target price 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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