South State Corp grew its position in shares of Halliburton Company (NYSE:HAL) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,209 shares of the oilfield services company’s stock after acquiring an additional 895 shares during the quarter. South State Corp’s holdings in Halliburton were worth $266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in HAL. Hussman Strategic Advisors Inc. acquired a new position in shares of Halliburton during the first quarter valued at $3,691,000. State Treasurer State of Michigan boosted its holdings in shares of Halliburton by 0.7% during the first quarter. State Treasurer State of Michigan now owns 284,779 shares of the oilfield services company’s stock valued at $14,014,000 after acquiring an additional 2,100 shares during the period. Tyers Asset Management LLC boosted its holdings in shares of Halliburton by 23.6% during the first quarter. Tyers Asset Management LLC now owns 10,896 shares of the oilfield services company’s stock valued at $536,000 after acquiring an additional 2,080 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Halliburton by 1.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,577,467 shares of the oilfield services company’s stock valued at $126,837,000 after acquiring an additional 39,359 shares during the period. Finally, Pillar Pacific Capital Management LLC boosted its holdings in shares of Halliburton by 13.8% during the first quarter. Pillar Pacific Capital Management LLC now owns 123,804 shares of the oilfield services company’s stock valued at $6,092,000 after acquiring an additional 15,020 shares during the period. 79.53% of the stock is owned by institutional investors.

Shares of Halliburton Company (NYSE HAL) opened at 42.31 on Friday. The company’s market cap is $36.88 billion. The company has a 50 day moving average price of $40.41 and a 200 day moving average price of $45.08. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company 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%. Halliburton’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, equities analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is presently -423.50%.

A number of equities research analysts recently weighed in on HAL shares. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Saturday, June 24th. Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Saturday, July 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 price objective (down from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and set a $69.00 price objective on shares of Halliburton in a research note on Friday, June 30th. Finally, BidaskClub upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $58.61.

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In related news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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