Morningstar Investment Services LLC lowered its stake in shares of Halliburton Company (NYSE:HAL) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,361 shares of the oilfield services company’s stock after selling 9 shares during the period. Morningstar Investment Services LLC’s holdings in Halliburton were worth $1,382,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Halliburton during the first quarter valued at approximately $385,000. Buckhead Capital Management LLC raised its position in Halliburton by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock valued at $361,000 after buying an additional 20 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Halliburton by 23.6% in the first quarter. Glen Harbor Capital Management LLC now owns 23,154 shares of the oilfield services company’s stock valued at $1,139,000 after buying an additional 4,420 shares in the last quarter. First Quadrant L P CA raised its position in Halliburton by 318.4% in the first quarter. First Quadrant L P CA now owns 71,127 shares of the oilfield services company’s stock valued at $3,500,000 after buying an additional 54,127 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH raised its position in Halliburton by 1.6% in the first quarter. North Point Portfolio Managers Corp OH now owns 237,761 shares of the oilfield services company’s stock valued at $11,700,000 after buying an additional 3,734 shares in the last quarter. 79.52% of the stock is currently owned by institutional investors.

Shares of Halliburton Company (NYSE:HAL) opened at 38.79 on Tuesday. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The firm’s 50-day moving average is $41.73 and its 200-day moving average is $46.52. The company’s market capitalization is $33.81 billion.

Halliburton (NYSE:HAL) last released its 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 business had revenue of $4.96 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Analysts forecast that Halliburton Company will post $1.12 earnings per share for the current fiscal year.

The business 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.

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HAL has been the subject of several analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. UBS AG reissued a “buy” rating and set a $70.00 price target on shares of Halliburton in a research report on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and set a $69.00 price target on shares of Halliburton in a research report on Friday, May 26th. Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Seaport Global Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $43.00 in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.60.

About Halliburton

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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