Halliburton Company (NYSE:HAL) Stake Held by Webster Bank N. A.
Webster Bank N. A. continued to hold its position in Halliburton Company (NYSE:HAL) during the second quarter, Holdings Channel reports. The firm owned 3,200 shares of the oilfield services company’s stock at the end of the second quarter. Webster Bank N. A.’s holdings in Halliburton were worth $137,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Halliburton during the first quarter worth $100,000. Perigon Wealth Management LLC increased 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. Ledyard National Bank increased 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. Independent Portfolio Consultants Inc. increased its position 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 worth $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its position 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 worth $142,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.
Shares of Halliburton Company (HAL) traded down 0.481% on Friday, reaching $40.315. 2,054,066 shares of the company traded hands. The firm’s market capitalization is $35.14 billion. The stock has a 50-day moving average price of $42.69 and a 200 day moving average price of $47.89. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. Analysts anticipate that Halliburton Company will post $1.12 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Halliburton’s dividend payout ratio is currently -423.50%.
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A number of equities analysts have recently weighed in on HAL shares. HSBC Holdings plc started coverage on Halliburton in a research note on Wednesday, April 19th. They issued a “buy” rating and a $65.00 target price on the stock. Deutsche Bank AG cut their target price on Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. BMO Capital Markets set a $65.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC set a $69.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Cowen and Company cut their target price on Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.60.
In related news, Director William E. Albrecht purchased 8,000 shares of Halliburton stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at approximately $370,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.
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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