Private Trust Co. NA increased its stake in Halliburton Company (NYSE:HAL) by 8.8% during the second quarter, Holdings Channel reports. The firm owned 10,677 shares of the oilfield services company’s stock after buying an additional 867 shares during the period. Private Trust Co. NA’s holdings in Halliburton were worth $455,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fund Evaluation Group LLC boosted its position in shares of Halliburton by 0.4% in the first quarter. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company’s stock worth $217,000 after buying an additional 16 shares during the last quarter. 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. Buckhead Capital Management LLC boosted its position in shares of Halliburton by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock worth $361,000 after buying an additional 20 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. Finally, Hanson McClain Inc. boosted its position in shares of Halliburton by 0.8% in the first quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company’s stock worth $222,000 after buying an additional 34 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

Shares of Halliburton Company (NYSE HAL) traded down 1.02% during trading on Thursday, hitting $40.87. The stock had a trading volume of 1,737,418 shares. Halliburton Company has a 12 month low of $40.12 and a 12 month high of $58.78. The stock has a 50-day moving average price of $42.73 and a 200 day moving average price of $47.95. The company’s market cap is $35.62 billion.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. Equities analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal 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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A number of brokerages have commented on HAL. BMO Capital Markets set a $67.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada set a $65.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group reiterated an “outperform” rating and set a $55.00 price target (down from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities 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 issued a strong buy rating to the stock. Halliburton presently 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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