ETRADE Capital Management LLC Acquires 447 Shares of Halliburton Company (HAL)
ETRADE Capital Management LLC grew its holdings in Halliburton Company (NYSE:HAL) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,181 shares of the oilfield services company’s stock after purchasing an additional 447 shares during the quarter. ETRADE Capital Management LLC’s holdings in Halliburton were worth $2,442,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after acquiring an additional 50,022,982 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Halliburton by 107.8% in the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after acquiring an additional 8,105,286 shares in the last quarter. Franklin Resources Inc. raised its holdings in Halliburton by 35.1% in the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock valued at $632,678,000 after acquiring an additional 3,844,946 shares in the last quarter. Vanguard Group Inc. raised its holdings in Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock valued at $2,878,947,000 after acquiring an additional 2,242,976 shares in the last quarter. Finally, Janus Capital Management LLC raised its holdings in Halliburton by 70.1% in the first quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock valued at $228,423,000 after acquiring an additional 1,913,257 shares in the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.
Halliburton Company (NYSE HAL) traded up 0.83% on Friday, hitting $43.84. 880,097 shares of the stock were exchanged. The company’s market cap is $38.21 billion. The company’s 50-day moving average is $40.41 and its 200-day moving average is $44.79. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. On average, analysts predict that Halliburton Company will post $1.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
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In related news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.
A number of research firms have weighed in on HAL. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, July 1st. Morgan Stanley reissued an “overweight” rating and set a $60.00 price objective (down previously from $67.00) on shares of Halliburton in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $69.00 price objective on shares of Halliburton in a report on Friday, June 30th. Finally, BidaskClub raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and an average price target of $58.61.
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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