Halliburton Company (NYSE:HAL) Shares Sold by Trust Co
Trust Co lowered its position in Halliburton Company (NYSE:HAL) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 44,670 shares of the oilfield services company’s stock after selling 378 shares during the period. Trust Co’s holdings in Halliburton were worth $2,199,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of HAL. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Halliburton during the first quarter worth about $100,000. Perigon Wealth Management LLC boosted its position in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank boosted its position in shares of Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock worth $142,000 after buying an additional 35 shares during the last quarter. 79.67% of the stock is owned by institutional investors.
Halliburton Company (NYSE HAL) traded down 1.62% on Monday, hitting $41.31. The stock had a trading volume of 1,809,885 shares. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78. The company’s market cap is $36.01 billion. The stock has a 50 day moving average price of $43.18 and a 200 day moving average price of $48.44.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.71%. Halliburton’s dividend payout ratio is currently -423.50%.
A number of brokerages have issued reports on HAL. BMO Capital Markets set a $67.00 target price on Halliburton and gave the stock a “buy” rating in a report on Wednesday, April 12th. Royal Bank Of Canada set a $65.00 target price on Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $55.00 target price (down previously from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Halliburton presently has an average rating of “Buy” and an average target price of $58.85.
In related news, Director William E. Albrecht purchased 8,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $46.33 per share, with a total value of $370,640.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $370,640. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.47% of the company’s stock.
Halliburton Company Profile
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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