Schwab Charles Investment Management Inc. increased its stake in shares of Halliburton Company (NYSE:HAL) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,226,599 shares of the oilfield services company’s stock after buying an additional 244,036 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.37% of Halliburton worth $137,809,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its position 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 last quarter. Vanguard Group Inc. increased its position 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 last quarter. Janus Capital Management LLC increased its position in shares of 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 last quarter. Westwood Holdings Group Inc. increased its position in shares of 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 last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 last quarter. 78.54% of the stock is owned by institutional investors and hedge funds.

Halliburton Company (NYSE:HAL) opened at 39.01 on Friday. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The company’s market capitalization is $34.00 billion. The firm has a 50 day moving average of $41.73 and a 200-day moving average of $46.52.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up 29.3% on a year-over-year basis. On average, equities research analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal year.

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

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Several equities analysts recently commented on HAL shares. Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Halliburton in a research report on Thursday, July 20th. Finally, Barclays PLC restated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus 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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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