SignalPoint Asset Management LLC Has $274,000 Position in Halliburton Co. (HAL)
SignalPoint Asset Management LLC maintained its stake in Halliburton Co. (NYSE:HAL) during the second quarter, Holdings Channel reports. The firm owned 6,060 shares of the oilfield services company’s stock at the end of the second quarter. SignalPoint Asset Management LLC’s holdings in Halliburton were worth $274,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in Halliburton during the second quarter worth approximately $904,000. Atalanta Sosnoff Capital LLC acquired a new stake in Halliburton during the second quarter worth approximately $24,549,000. Legal & General Group Plc boosted its stake in Halliburton by 2.4% in the first quarter. Legal & General Group Plc now owns 3,758,764 shares of the oilfield services company’s stock worth $134,279,000 after buying an additional 87,107 shares in the last quarter. Natixis acquired a new stake in Halliburton during the first quarter worth approximately $27,010,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Halliburton during the first quarter worth approximately $41,650,000. 79.64% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Co. (NYSE:HAL) traded up 2.53% during mid-day trading on Wednesday, reaching $45.72. 7,508,815 shares of the company’s stock were exchanged. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $46.90. The firm’s 50-day moving average is $43.41 and its 200 day moving average is $42.03. The stock’s market capitalization is $39.37 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) 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 company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $0.44 EPS. Halliburton’s revenue for the quarter was down 35.2% on a year-over-year basis. Analysts forecast that Halliburton Co. will post ($0.18) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, September 2nd. Halliburton’s payout ratio is currently -10.86%.
HAL has been the topic of a number of recent analyst reports. Vetr raised Halliburton from a “hold” rating to a “buy” rating and set a $42.96 price target on the stock in a report on Tuesday, September 13th. Jefferies Group restated a “buy” rating on shares of Halliburton in a research report on Tuesday, August 30th. Societe Generale upgraded Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Halliburton in a research report on Tuesday, July 5th. Finally, Guggenheim restated a “sell” rating on shares of Halliburton in a research report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.78.
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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