Sciencast Management LP Has $957,000 Position in Halliburton Company (HAL)
Sciencast Management LP lifted its stake in shares of Halliburton Company (NYSE:HAL) by 31.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,417 shares of the oilfield services company’s stock after buying an additional 5,409 shares during the period. Sciencast Management LP’s holdings in Halliburton were worth $957,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Halliburton by 2.2% during the second quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after buying an additional 1,267,141 shares during the last quarter. BlackRock Inc. boosted its position in shares of Halliburton by 7.6% during the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after buying an additional 3,955,245 shares during the last quarter. Capital World Investors boosted its position in shares of Halliburton by 0.7% during the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after buying an additional 320,362 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Halliburton by 1.1% during the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Halliburton by 107.8% during 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 buying an additional 8,105,286 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.
Halliburton Company (NYSE HAL) traded down 1.33% during mid-day trading on Friday, hitting $44.49. The company had a trading volume of 2,831,668 shares. The company’s market capitalization is $38.78 billion. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The firm’s 50 day moving average is $41.74 and its 200 day moving average is $44.33.
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 Zacks’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm earned ($0.14) EPS. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities research analysts predict that Halliburton Company will post $1.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. Halliburton’s dividend payout ratio is presently -423.50%.
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HAL has been the topic of several analyst reports. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $56.00 target price on Halliburton and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of Halliburton in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $58.13.
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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