Halliburton Co. (HAL) Stake Maintained by Mar Vista Investment Partners LLC
Mar Vista Investment Partners LLC continued to hold its stake in Halliburton Co. (NYSE:HAL) during the second quarter, Holdings Channel reports. The institutional investor owned 19,496 shares of the oilfield services company’s stock at the end of the second quarter. Mar Vista Investment Partners LLC’s holdings in Halliburton were worth $883,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock worth $104,000 after buying an additional 379 shares during the period. LMR Partners LLP bought a new position in shares of Halliburton during the second quarter worth approximately $644,000. Trillium Asset Management LLC bought a new position in shares of Halliburton during the second quarter worth approximately $220,000. Hudson Canyon Investment Counselors LLC bought a new position in shares of Halliburton during the second quarter worth approximately $1,340,000. Finally, Redwood Investments LLC bought a new position in shares of Halliburton during the second quarter worth approximately $10,083,000. Institutional investors own 79.64% of the company’s stock.
Shares of Halliburton Co. (NYSE:HAL) traded up 2.53% during mid-day trading on Wednesday, hitting $45.72. 7,486,785 shares of the company traded hands. Halliburton Co. has a one year low of $27.64 and a one year high of $46.90. The stock’s market capitalization is $39.37 billion. The firm has a 50-day moving average of $43.41 and a 200-day moving average of $42.03.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The business’s revenue was down 35.2% on a year-over-year basis. On average, equities analysts predict that Halliburton Co. will post ($0.18) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.72 annualized dividend and a yield of 1.57%. Halliburton’s payout ratio is -10.86%.
A number of brokerages have recently commented on HAL. Societe Generale lowered shares of Halliburton from a “buy” rating to a “hold” rating and upped their price objective for the company from $46.00 to $50.00 in a research report on Monday, July 18th. Vetr lowered shares of Halliburton from a “strong-buy” rating to a “buy” rating and set a $50.00 price objective for the company. in a research report on Thursday, June 30th. Howard Weil upped their price objective on shares of Halliburton from $37.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 15th. Nomura reissued a “buy” rating and issued a $53.00 price target on shares of Halliburton in a research report on Thursday, July 21st. Finally, Simmons increased their price target on shares of Halliburton from $48.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.78.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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