Halliburton Company (HAL) Shares Bought by Deltec Asset Management LLC
Deltec Asset Management LLC increased its stake in Halliburton Company (NYSE:HAL) by 45.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,200 shares of the oilfield services company’s stock after buying an additional 39,200 shares during the period. Deltec Asset Management LLC’s holdings in Halliburton were worth $5,347,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Halliburton during the first quarter valued at approximately $100,000. Perigon Wealth Management LLC raised its stake 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 valued at $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank raised its stake in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake 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 valued at $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its stake 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 valued at $142,000 after buying an additional 35 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.
Shares of Halliburton Company (NYSE:HAL) traded down 0.39% during mid-day trading on Friday, hitting $40.35. The stock had a trading volume of 2,461,434 shares. Halliburton Company has a one year low of $40.12 and a one year high of $58.78. The company has a 50-day moving average of $42.69 and a 200 day moving average of $47.89. The firm’s market cap is $35.17 billion.
Halliburton (NYSE:HAL) last released its earnings results 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 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 company’s revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) EPS. On average, equities research analysts forecast 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. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/11/halliburton-company-hal-shares-bought-by-deltec-asset-management-llc.html.
Several brokerages have commented on HAL. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price target (down previously from $60.00) on shares of Halliburton in a research note on Tuesday, July 25th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price target (down previously from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $59.60.
In other Halliburton news, Director William E. Albrecht bought 8,000 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $46.33 per share, with a total value of $370,640.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.
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).
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.