Quest Capital Management Inc. ADV reduced its stake in shares of Halliburton (NYSE:HAL) by 99.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,127 shares of the oilfield services company’s stock after selling 1,748,986 shares during the quarter. Quest Capital Management Inc. ADV’s holdings in Halliburton were worth $344,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Glynn Capital Management LLC increased its position in Halliburton by 47.2% in the second quarter. Glynn Capital Management LLC now owns 51,993 shares of the oilfield services company’s stock worth $1,182,000 after purchasing an additional 16,680 shares during the period. Gabelli Funds LLC increased its position in Halliburton by 1.9% in the second quarter. Gabelli Funds LLC now owns 1,367,345 shares of the oilfield services company’s stock worth $31,093,000 after purchasing an additional 25,000 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Halliburton by 2.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 582,369 shares of the oilfield services company’s stock worth $13,243,000 after purchasing an additional 11,695 shares during the period. Chicago Equity Partners LLC acquired a new stake in Halliburton in the second quarter worth about $532,000. Finally, Qube Research & Technologies Ltd increased its position in Halliburton by 53.2% in the second quarter. Qube Research & Technologies Ltd now owns 73,989 shares of the oilfield services company’s stock worth $1,683,000 after purchasing an additional 25,690 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.
Shares of NYSE:HAL traded down $0.39 during trading on Tuesday, hitting $18.94. 102,031 shares of the company were exchanged, compared to its average volume of 15,281,043. The company has a current ratio of 2.26, a quick ratio of 1.59 and a debt-to-equity ratio of 1.16. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.22 and a beta of 1.30. Halliburton has a fifty-two week low of $17.46 and a fifty-two week high of $42.57. The firm has a fifty day moving average price of $21.71 and a two-hundred day moving average price of $26.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Tuesday, September 3rd. Halliburton’s payout ratio is presently 37.89%.
A number of equities analysts have issued reports on HAL shares. AltaCorp Capital restated a “sector perform” rating on shares of Halliburton in a report on Thursday, June 20th. Barclays reduced their target price on Halliburton from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. ValuEngine cut Halliburton from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. UBS Group set a $36.00 target price on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Credit Suisse Group reduced their target price on Halliburton from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average target price of $39.78.
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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