EagleClaw Capital Managment LLC Sells 150 Shares of Halliburton Company (HAL)
EagleClaw Capital Managment LLC reduced its holdings in shares of Halliburton Company (NYSE:HAL) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,101 shares of the oilfield services company’s stock after selling 150 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Halliburton were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. purchased a new position in Halliburton during the 1st quarter valued at about $100,000. Perigon Wealth Management LLC grew its holdings in shares of 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 buying an additional 17 shares in the last quarter. Ledyard National Bank grew its holdings in shares of Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its holdings in shares of Halliburton by 87.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.
A number of equities research analysts have recently commented on HAL shares. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. Deutsche Bank AG started coverage on shares of Halliburton in a report on Tuesday. They set a “buy” rating and a $54.00 price target for the company. Cowen and Company set a $50.00 price target on shares of Halliburton and gave the stock a “hold” rating in a report on Friday, October 6th. Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. Finally, BidaskClub downgraded shares of Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $57.88.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) traded up 0.49% on Wednesday, reaching $45.25. 1,955,099 shares of the company’s stock were exchanged. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The company’s market capitalization is $39.44 billion. The firm’s 50 day moving average price is $42.26 and its 200-day moving average price is $44.14.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm’s revenue was up 29.3% on a year-over-year basis. On average, equities analysts anticipate that Halliburton Company will post $1.11 EPS for the current year.
The business 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 annualized dividend and a yield of 1.60%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
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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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