Meiji Yasuda Life Insurance Co Sells 1,100 Shares of Halliburton Company (HAL)
Meiji Yasuda Life Insurance Co cut its holdings in shares of Halliburton Company (NYSE:HAL) by 4.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,573 shares of the oilfield services company’s stock after selling 1,100 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Halliburton were worth $921,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HAL. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the first quarter valued at approximately $100,000. Perigon Wealth Management LLC boosted 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 valued at $101,000 after acquiring an additional 17 shares in the last quarter. Ledyard National Bank boosted 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 valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. boosted 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 valued at $115,000 after acquiring an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) opened at 40.63 on Tuesday. The firm’s market cap is $35.41 billion. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The stock has a 50 day moving average of $40.52 and a 200 day moving average of $45.32.
Halliburton (NYSE:HAL) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. On average, equities research analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently declared 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. 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 1.77%. Halliburton’s dividend payout ratio is presently -423.50%.
In other 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 value of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.
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Several equities research analysts have weighed in on the stock. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Saturday, June 24th. Credit Suisse Group restated an “outperform” rating and issued a $55.00 target price (down from $60.00) on shares of Halliburton in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $60.00 target price (down from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.74.
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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