Gateway Investment Advisers LLC decreased its position in Halliburton (NYSE:HAL) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 646,068 shares of the oilfield services company’s stock after selling 4,933 shares during the quarter. Gateway Investment Advisers LLC owned 0.07% of Halliburton worth $29,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. bought a new stake in Halliburton in the 1st quarter worth approximately $129,000. Trust Co. of Vermont boosted its holdings in shares of Halliburton by 58.5% in the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after purchasing an additional 1,116 shares during the period. CNB Bank boosted its holdings in shares of Halliburton by 110.5% in the 1st quarter. CNB Bank now owns 2,991 shares of the oilfield services company’s stock worth $140,000 after purchasing an additional 1,570 shares during the period. Princeton Capital Management LLC purchased a new position in shares of Halliburton in the 1st quarter worth approximately $147,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in shares of Halliburton in the 1st quarter worth approximately $169,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HAL. Wells Fargo & Co lifted their target price on Halliburton from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Bank of America upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, May 10th. BMO Capital Markets set a $63.00 target price on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 24th. Credit Suisse Group set a $65.00 target price on Halliburton and gave the stock a “buy” rating in a report on Monday, April 23rd. Finally, ValuEngine upgraded Halliburton from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.91.
Halliburton opened at $45.10 on Thursday, according to MarketBeat. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.22 and a quick ratio of 1.73. The firm has a market cap of $40.15 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the previous year, the business earned $0.04 EPS. Halliburton’s revenue was up 34.1% compared to the same quarter last year. research analysts forecast that Halliburton will post 2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Tuesday, June 5th. Halliburton’s dividend payout ratio is 59.02%.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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