Capital Investment Advisors LLC lowered its stake in shares of Halliburton Company (NYSE:HAL) by 1.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,761 shares of the oilfield services company’s stock after selling 238 shares during the period. Capital Investment Advisors LLC’s holdings in Halliburton were worth $545,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HAL. BlackRock Inc. boosted 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 valued at $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $2,878,947,000 after buying an additional 2,242,976 shares in the last quarter. Janus Capital Management LLC boosted 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 valued at $228,423,000 after buying an additional 1,913,257 shares in the last quarter. Westwood Holdings Group Inc. boosted 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 valued at $76,337,000 after buying an additional 1,543,526 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 valued at $103,959,000 after buying an additional 1,528,779 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Shares of Halliburton Company (NYSE HAL) traded down 1.02% during mid-day trading on Thursday, reaching $40.87. The company had a trading volume of 1,737,418 shares. The stock’s market capitalization is $35.62 billion. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78. The firm has a 50-day moving average price of $42.73 and a 200-day moving average price of $47.95.

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 Thomson Reuters’ consensus estimate 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 company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. Equities analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.

The firm 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.

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Several research firms recently weighed in on HAL. HSBC Holdings plc began 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 restated a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. Barclays PLC restated 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 price objective on shares of Halliburton in a research report on Thursday, July 20th. Finally, Scotiabank restated a “buy” rating and issued a $59.00 price objective on shares of Halliburton in a research 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average target price of $59.60.

In other Halliburton news, Director William E. Albrecht bought 8,000 shares of Halliburton stock in a transaction that occurred on Monday, May 15th. The shares were bought 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 of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% 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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