Halliburton Company (HAL) Shares Sold by Renaissance Technologies LLC
Renaissance Technologies LLC cut its position in shares of Halliburton Company (NYSE:HAL) by 18.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,386,195 shares of the oilfield services company’s stock after selling 536,700 shares during the quarter. Renaissance Technologies LLC owned about 0.27% of Halliburton worth $101,914,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Perigon Wealth Management LLC increased its stake in Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after acquiring an additional 17 shares during the last quarter. Comerica Securities Inc. grew its stake in shares of Halliburton by 0.3% in the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock valued at $282,000 after buying an additional 18 shares in the last quarter. Appleton Partners Inc. MA grew its stake in shares of Halliburton by 0.4% in the second quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock valued at $220,000 after buying an additional 21 shares in the last quarter. Hanson McClain Inc. grew its stake in shares of Halliburton by 0.8% in the first quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company’s stock valued at $222,000 after buying an additional 34 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its stake in shares of Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 35 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.
Shares of Halliburton Company (HAL) traded down 0.02% during mid-day trading on Tuesday, reaching $44.68. The company’s stock had a trading volume of 857,396 shares. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The company has a 50 day moving average of $40.41 and a 200-day moving average of $44.79. The firm’s market capitalization is $38.94 billion.
Halliburton (NYSE:HAL) last announced 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 business had revenue of $4.96 billion for 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%. Halliburton’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. Equities research 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
HAL has been the subject of a number of recent research reports. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. HSBC Holdings plc reiterated a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Barclays PLC reiterated an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. Guggenheim lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co lowered their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $58.61.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s 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 filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by insiders.
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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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