Eagle Asset Management Inc. lessened its stake in shares of Halliburton Company (NYSE:HAL) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 723,356 shares of the oilfield services company’s stock after selling 79,860 shares during the quarter. Eagle Asset Management Inc. owned about 0.08% of Halliburton worth $30,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake in shares of Halliburton by 8.9% during the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock valued at $425,000 after acquiring an additional 707 shares during the period. Marietta Investment Partners LLC increased its stake in shares of Halliburton by 84.4% during the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock valued at $1,473,000 after acquiring an additional 13,693 shares during the period. Trexquant Investment LP increased its stake in shares of Halliburton by 18.1% during the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock valued at $965,000 after acquiring an additional 3,000 shares during the period. BB&T Securities LLC increased its stake in shares of Halliburton by 25.3% during the second quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock valued at $2,397,000 after acquiring an additional 11,334 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Halliburton by 5.3% during the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock valued at $5,526,000 after acquiring an additional 5,690 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

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Several research firms have issued reports on HAL. Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $50.00 in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Halliburton in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and set a $69.00 price objective on shares of Halliburton in a research report on Friday, May 26th. Finally, Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, June 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $58.74.

In other news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Halliburton Company (NYSE HAL) opened at 40.29 on Friday. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The company has a 50-day moving average of $40.63 and a 200-day moving average of $45.49. The company’s market cap is $35.12 billion.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS. On average, equities research analysts expect 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. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.79%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.

Halliburton 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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