Rehmann Capital Advisory Group increased its position in Halliburton (NYSE:HAL) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,791 shares of the oilfield services company’s stock after purchasing an additional 827 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Halliburton were worth $291,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Halliburton by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,260,319 shares of the oilfield services company’s stock valued at $1,506,759,000 after buying an additional 210,596 shares during the last quarter. BlackRock Inc. grew its stake in Halliburton by 8.3% in the 2nd quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock valued at $1,456,428,000 after buying an additional 4,911,686 shares during the last quarter. Sanders Capital LLC grew its stake in Halliburton by 3.3% in the 2nd quarter. Sanders Capital LLC now owns 23,928,402 shares of the oilfield services company’s stock valued at $600,813,000 after buying an additional 773,300 shares during the last quarter. Pzena Investment Management LLC grew its stake in Halliburton by 89.8% in the 2nd quarter. Pzena Investment Management LLC now owns 23,591,540 shares of the oilfield services company’s stock valued at $536,472,000 after buying an additional 11,163,777 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Halliburton by 0.9% in the 2nd quarter. Northern Trust Corp now owns 10,546,308 shares of the oilfield services company’s stock valued at $239,822,000 after buying an additional 98,808 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Piper Jaffray Companies set a $26.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, July 1st. Edward Jones lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. AltaCorp Capital restated a “sector perform” rating on shares of Halliburton in a research report on Thursday, June 20th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Cowen restated an “outperform” rating and set a $35.00 target price (up previously from $33.00) on shares of Halliburton in a research report on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.64.
Shares of Halliburton stock traded down $0.25 on Friday, reaching $18.39. 294,147 shares of the stock were exchanged, compared to its average volume of 14,724,109. The firm’s 50 day moving average is $19.19 and its 200-day moving average is $23.62. Halliburton has a one year low of $16.97 and a one year high of $42.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 2.26. The firm has a market cap of $16.27 billion, a PE ratio of 9.67, a P/E/G ratio of 2.24 and a beta of 1.37.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, equities research analysts expect that Halliburton will post 1.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, September 3rd. Halliburton’s payout ratio is 37.89%.
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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