Halliburton Company (NYSE:HAL) Stake Maintained by Cambrian Capital Limited Partnership
Cambrian Capital Limited Partnership maintained its stake in Halliburton Company (NYSE:HAL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,601 shares of the oilfield services company’s stock at the end of the first quarter. Halliburton accounts for approximately 3.3% of Cambrian Capital Limited Partnership’s investment portfolio, making the stock its 11th largest position. Cambrian Capital Limited Partnership’s holdings in Halliburton were worth $3,327,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HAL. Vanguard Group Inc. raised 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 during the period. BlackRock Inc. raised 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 during the period. Wellington Management Group LLP increased its position in 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 position in 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 position in 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. Institutional investors own 78.54% of the company’s stock.
Halliburton Company (HAL) traded up 0.78% during mid-day trading on Friday, reaching $38.99. 8,868,248 shares of the company traded hands. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The firm’s 50-day moving average is $42.27 and its 200 day moving average is $47.14. The stock’s market capitalization is $33.98 billion.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion for 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 business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.
The firm also recently announced 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 1.85%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is presently -423.50%.
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HAL has been the topic of several research reports. HSBC Holdings plc reissued a “buy” rating and issued a $62.00 price target (down from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. Guggenheim downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The company presently 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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