Strategic Wealth Advisors Group LLC decreased its stake in shares of Halliburton (NYSE:HAL) by 20.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,549 shares of the oilfield services company’s stock after selling 2,635 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Halliburton were worth $244,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in HAL. Nuveen Asset Management LLC raised its position in Halliburton by 5.0% in the first quarter. Nuveen Asset Management LLC now owns 3,588,296 shares of the oilfield services company’s stock valued at $77,005,000 after purchasing an additional 171,182 shares during the period. Nomura Holdings Inc. grew its stake in shares of Halliburton by 135.5% in the first quarter. Nomura Holdings Inc. now owns 219,640 shares of the oilfield services company’s stock valued at $4,680,000 after buying an additional 126,379 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Halliburton by 205.7% in the first quarter. HighTower Advisors LLC now owns 109,073 shares of the oilfield services company’s stock valued at $2,339,000 after buying an additional 73,395 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Halliburton by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 7,808,473 shares of the oilfield services company’s stock valued at $167,570,000 after buying an additional 313,574 shares in the last quarter. Finally, Citizens & Northern Corp grew its stake in Halliburton by 53.5% during the 2nd quarter. Citizens & Northern Corp now owns 39,546 shares of the oilfield services company’s stock worth $914,000 after purchasing an additional 13,780 shares in the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.
Several research firms have recently issued reports on HAL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Halliburton in a research report on Thursday, September 9th. Morgan Stanley boosted their target price on Halliburton from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, July 9th. COKER & PALMER upgraded Halliburton from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 30th. Citigroup boosted their target price on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 25th. Finally, BNP Paribas upgraded Halliburton from an “underperform” rating to a “neutral” rating and set a $23.00 price target on the stock in a report on Wednesday, July 21st. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $23.75.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 19th. The oilfield services company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. Halliburton had a return on equity of 12.64% and a net margin of 1.08%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. On average, equities analysts expect that Halliburton will post 1.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 22nd. Investors of record on Wednesday, September 1st will be paid a $0.045 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.90%. Halliburton’s dividend payout ratio (DPR) is 27.69%.
Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.
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