CCM Investment Advisers LLC Has $7.06 Million Position in Halliburton Company (HAL)
CCM Investment Advisers LLC decreased its position in shares of Halliburton Company (NYSE:HAL) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,284 shares of the oilfield services company’s stock after selling 4,205 shares during the period. CCM Investment Advisers LLC’s holdings in Halliburton were worth $7,059,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton during the first quarter worth about $100,000. Perigon Wealth Management LLC raised its stake in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank raised its stake in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the period. Institutional investors own 79.52% of the company’s stock.
Shares of Halliburton Company (HAL) opened at 39.01 on Monday. 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 Company has a 12 month low of $38.18 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 firm 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 company posted ($0.14) EPS. The business’s revenue was up 29.3% on a year-over-year basis. On average, equities research analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders 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 dividend yield of 1.85%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
HAL has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a “buy” rating on shares of Halliburton in a research note on Thursday, May 4th. Zacks Investment Research upgraded 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 note 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 note on Thursday, July 20th. Finally, Barclays PLC restated an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. One research 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 assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $59.60.
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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