Appleton Partners Inc. MA Acquires 21 Shares of Halliburton Company (NYSE:HAL)
Appleton Partners Inc. MA raised its position in shares of Halliburton Company (NYSE:HAL) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 5,158 shares of the oilfield services company’s stock after buying an additional 21 shares during the period. Appleton Partners Inc. MA’s holdings in Halliburton were worth $220,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position 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 during the last quarter. Vanguard Group Inc. boosted its position 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 during the last quarter. Janus Capital Management LLC boosted its position 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 during the last quarter. Westwood Holdings Group Inc. boosted its position 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 during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 during the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.
Halliburton Company (NYSE HAL) traded down 0.99% on Thursday, reaching $40.88. The company had a trading volume of 1,738,351 shares. The stock’s 50 day moving average is $42.73 and its 200-day moving average is $47.95. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78. The stock’s market capitalization is $35.63 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, equities analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is presently -423.50%.
A number of 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 set a “buy” rating and a $65.00 price target on the stock. Sanford C. Bernstein reiterated a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. Barclays PLC reiterated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Halliburton in a report on Thursday, July 20th. Finally, Scotiabank restated a “buy” rating and issued a $59.00 target price on shares of Halliburton in a report on Wednesday, June 28th. One research analyst has 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. The stock has an average rating of “Buy” and an average target price of $59.60.
In related news, Director William E. Albrecht acquired 8,000 shares of Halliburton stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at approximately $370,640. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.
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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