Huntington National Bank reduced its position in shares of Halliburton Company (NYSE:HAL) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 89,785 shares of the oilfield services company’s stock after selling 9,246 shares during the period. Huntington National Bank’s holdings in Halliburton were worth $3,834,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Halliburton by 70.1% in the first quarter. Janus Capital Management LLC now owns 4,641,978 shares of the oilfield services company’s stock worth $228,423,000 after buying an additional 1,913,257 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Halliburton by 20,009.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,551,240 shares of the oilfield services company’s stock worth $76,337,000 after buying an additional 1,543,526 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Halliburton by 261.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,112,557 shares of the oilfield services company’s stock worth $103,959,000 after buying an additional 1,528,779 shares in the last quarter. 79.67% of the stock is currently owned by institutional investors.

Shares of Halliburton Company (HAL) traded down 1.50% during mid-day trading on Monday, hitting $41.36. 2,862,536 shares of the company traded hands. The firm has a 50-day moving average price of $43.18 and a 200 day moving average price of $48.44. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78. The firm’s market cap is $36.05 billion.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) EPS. Equities research analysts anticipate that Halliburton Company will post $1.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%. Halliburton’s dividend payout ratio is presently -423.50%.

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A number of equities research analysts have commented on HAL shares. HSBC Holdings plc started coverage on shares of Halliburton in a research report on Wednesday, April 19th. They issued a “buy” rating and a $65.00 price objective on the stock. Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. Barclays PLC reissued an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Scotiabank reissued a “buy” rating and issued a $59.00 price objective on shares of Halliburton in a research report on Wednesday, June 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective (down from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.85.

In related news, Director William E. Albrecht bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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