Halliburton Company (HAL) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC boosted its stake in Halliburton Company (NYSE:HAL) by 71.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 469,075 shares of the oilfield services company’s stock after purchasing an additional 196,051 shares during the period. Gotham Asset Management LLC owned approximately 0.05% of Halliburton worth $20,034,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. grew its position in Halliburton by 2.3% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 180,776 shares of the oilfield services company’s stock worth $7,720,000 after purchasing an additional 4,009 shares during the period. Colonial Trust Advisors grew its position in Halliburton by 81.2% in the 2nd quarter. Colonial Trust Advisors now owns 26,555 shares of the oilfield services company’s stock worth $1,134,000 after purchasing an additional 11,903 shares during the period. Janus Henderson Group PLC grew its position in Halliburton by 3,294.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock worth $161,631,000 after purchasing an additional 3,672,887 shares during the period. Shelton Capital Management bought a new stake in Halliburton in the 2nd quarter worth approximately $332,000. Finally, Macquarie Group Ltd. grew its position in Halliburton by 7.4% in the 2nd quarter. Macquarie Group Ltd. now owns 15,546,880 shares of the oilfield services company’s stock worth $664,007,000 after purchasing an additional 1,069,164 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.
Shares of Halliburton Company (NYSE:HAL) traded down 1.608% during mid-day trading on Friday, reaching $44.365. 2,052,685 shares of the company’s stock traded hands. The company’s market cap is $38.67 billion. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company’s 50 day moving average is $41.74 and its 200 day moving average is $44.33.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion for 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 company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. On average, analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.
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A number of equities research analysts have commented on HAL shares. Credit Suisse Group AG set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $69.00 target price on shares of Halliburton in a research report on Friday, June 30th. Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Halliburton in a research report on Wednesday, June 28th. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $58.13.
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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