Halliburton Company (HAL) Shares Bought by Stokes & Hubbell Capital Management LLC
Stokes & Hubbell Capital Management LLC raised its stake in Halliburton Company (NYSE:HAL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,741 shares of the oilfield services company’s stock after buying an additional 18 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in Halliburton were worth $1,099,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased 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. BlackRock Inc. increased 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. Wellington Management Group LLP increased its stake in shares of Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares in the last quarter. FMR LLC increased its stake in shares of Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock valued at $743,191,000 after buying an additional 1,496,685 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Halliburton by 8.3% in the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock valued at $406,548,000 after buying an additional 635,993 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (NYSE HAL) traded down 0.49% during midday trading on Friday, reaching $40.31. 2,053,650 shares of the company’s stock were exchanged. The stock’s market cap is $35.13 billion. Halliburton Company has a one year low of $40.12 and a one year high of $58.78. The firm has a 50 day moving average of $42.69 and a 200-day moving average of $47.89.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. On average, equities research analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.78%. Halliburton’s payout ratio is presently -423.50%.
Several analysts have recently commented on HAL shares. TheStreet downgraded Halliburton from a “c-” rating to a “d+” rating in a research note on Thursday, June 29th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and raised their target price for the company from $43.00 to $50.00 in a research note on Thursday, July 20th. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Cowen and Company reduced their target price on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. Finally, FBR & Co reduced their target price on Halliburton from $70.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, July 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. Halliburton presently has a consensus rating of “Buy” and an average target price of $59.60.
In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were acquired at an average cost 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 of the company’s stock, valued at $370,640. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by company 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.
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