Capital Asset Advisory Services LLC decreased its stake in Halliburton Company (NYSE:HAL) by 18.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,748 shares of the oilfield services company’s stock after selling 2,420 shares during the period. Capital Asset Advisory Services LLC’s holdings in Halliburton were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HAL. Checchi Capital Advisers LLC boosted its stake in Halliburton by 8.9% in the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock valued at $425,000 after buying an additional 707 shares in the last quarter. Marietta Investment Partners LLC boosted its stake in Halliburton by 84.4% in the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock valued at $1,473,000 after buying an additional 13,693 shares in the last quarter. Trexquant Investment LP boosted its stake in Halliburton by 18.1% in the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock valued at $965,000 after buying an additional 3,000 shares in the last quarter. Shell Asset Management Co. boosted its stake in Halliburton by 62.2% in the first quarter. Shell Asset Management Co. now owns 144,957 shares of the oilfield services company’s stock valued at $7,133,000 after buying an additional 55,595 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Halliburton by 5.3% in the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock valued at $5,526,000 after buying an additional 5,690 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Shares of Halliburton Company (HAL) traded up 0.68% on Tuesday, hitting $41.73. 2,076,556 shares of the stock traded hands. The firm’s market capitalization is $36.37 billion. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $58.78. The firm’s 50 day moving average is $43.18 and its 200 day moving average is $48.44.

Halliburton (NYSE:HAL) last posted its quarterly earnings data 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 company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm’s revenue was up 29.3% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. On average, analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. Halliburton’s dividend payout ratio is currently -423.50%.

TRADEMARK VIOLATION NOTICE: “Capital Asset Advisory Services LLC Has $456,000 Stake in Halliburton Company (NYSE:HAL)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/08/capital-asset-advisory-services-llc-has-456000-stake-in-halliburton-company-nysehal.html.

Several research firms have recently issued reports on HAL. HSBC Holdings plc reaffirmed a “buy” rating and issued a $62.00 price objective (down from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. Guggenheim lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $58.85.

In related news, Director William E. Albrecht acquired 8,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at $370,640. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with MarketBeat.com's FREE daily email newsletter.