Investment Counselors of Maryland LLC boosted its position in Halliburton Company (NYSE:HAL) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,470 shares of the oilfield services company’s stock after buying an additional 600 shares during the period. Investment Counselors of Maryland LLC’s holdings in Halliburton were worth $703,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased 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 in the last quarter. Vanguard Group Inc. increased 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 in the last quarter. Janus Capital Management LLC increased 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 in the last quarter. Westwood Holdings Group Inc. increased 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased 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 in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.

Halliburton Company (NYSE:HAL) opened at 38.99 on Friday. The stock has a 50 day moving average price of $42.27 and a 200 day moving average price of $47.14. The firm’s market cap is $33.98 billion. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) EPS. On average, analysts anticipate that Halliburton Company will post $1.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. Halliburton’s payout ratio is -423.50%.

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Several equities analysts have commented on HAL shares. Deutsche Bank AG decreased their price objective on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, April 25th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC set a $69.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Monday, April 24th. Cowen and Company decreased their price objective on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock 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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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