Bienville Capital Management LLC Holds Position in Halliburton Company (HAL)
Bienville Capital Management LLC continued to hold its position in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the oilfield services company’s stock at the close of the second quarter. Bienville Capital Management LLC’s holdings in Halliburton were worth $205,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its holdings in Halliburton by 8.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock worth $425,000 after buying an additional 707 shares in the last quarter. Marietta Investment Partners LLC lifted its holdings in Halliburton by 84.4% during the 1st quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock worth $1,473,000 after buying an additional 13,693 shares in the last quarter. Trexquant Investment LP lifted its holdings in Halliburton by 18.1% during the 1st quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock worth $965,000 after buying an additional 3,000 shares in the last quarter. BB&T Securities LLC lifted its holdings in Halliburton by 25.3% during the 2nd quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock worth $2,397,000 after buying an additional 11,334 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Halliburton by 16.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock worth $1,063,000 after buying an additional 3,510 shares in the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.
Halliburton Company (NYSE:HAL) opened at 41.26 on Wednesday. The stock’s 50 day moving average is $40.53 and its 200-day moving average is $45.29. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. The firm’s market capitalization is $35.96 billion.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The company 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 firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. Analysts forecast that Halliburton Company will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is presently -423.50%.
HAL has been the topic of several research reports. TheStreet downgraded Halliburton from a “c-” rating to a “d+” rating in a report on Thursday, June 29th. Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. FBR & Co reduced their price objective on Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, Credit Suisse Group set a $60.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.61.
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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