Swiss National Bank Has $135.29 Million Position in Halliburton Company (HAL)
Swiss National Bank increased its position in shares of Halliburton Company (NYSE:HAL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,167,697 shares of the oilfield services company’s stock after buying an additional 104,500 shares during the period. Swiss National Bank owned about 0.36% of Halliburton worth $135,292,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in HAL. BlackRock Inc. increased its stake in Halliburton by 2,760.4% during the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the period. Vanguard Group Inc. increased its stake in Halliburton by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares during the period. Janus Capital Management LLC increased its stake in Halliburton by 70.1% during the 1st quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock worth $228,423,000 after buying an additional 1,913,257 shares during the period. Westwood Holdings Group Inc. increased its stake in Halliburton by 20,009.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,551,240 shares of the oilfield services company’s stock worth $76,337,000 after buying an additional 1,543,526 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Halliburton by 261.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,112,557 shares of the oilfield services company’s stock worth $103,959,000 after buying an additional 1,528,779 shares during the period. 79.53% of the stock is currently owned by hedge funds and other institutional investors.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $53.00 price target on shares of Halliburton in a research note on Wednesday. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $56.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub downgraded shares of Halliburton from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, FBR & Co dropped their price target on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $58.74.
Shares of Halliburton Company (HAL) opened at 40.29 on Friday. The company’s market capitalization is $35.12 billion. The firm’s 50 day moving average is $40.63 and its 200-day moving average is $45.49. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. 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 prior year, the firm earned ($0.14) EPS. The company’s revenue was up 29.3% on a year-over-year basis. Equities research analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
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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