Halliburton Company (HAL) Stake Lowered by Trust Co. of Vermont
Trust Co. of Vermont reduced its position in Halliburton Company (NYSE:HAL) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,316 shares of the oilfield services company’s stock after selling 400 shares during the period. Trust Co. of Vermont’s holdings in Halliburton were worth $185,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new position in Halliburton during the first quarter worth approximately $100,000. Perigon Wealth Management LLC raised its position in 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 raised its position in 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. raised its position in 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 raised its position in 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.
Halliburton Company (NYSE HAL) traded down 1.21% on Friday, reaching $40.02. 5,519,611 shares of the company traded hands. The stock has a 50-day moving average of $42.63 and a 200 day moving average of $47.79. Halliburton Company has a 52-week low of $40.00 and a 52-week high of $58.78. The company’s market capitalization is $34.88 billion.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was up 29.3% on a year-over-year basis. On average, equities analysts forecast that Halliburton Company will post $1.12 EPS for the current year.
The business also recently announced 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 is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.80%. Halliburton’s dividend payout ratio is currently -423.50%.
A number of equities analysts have recently commented on HAL shares. HSBC Holdings plc reiterated a “buy” rating and issued a $62.00 price objective (down from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Jefferies Group LLC set a $69.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. BMO Capital Markets set a $65.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Deutsche Bank AG dropped their price objective on Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Finally, Credit Suisse Group set a $60.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Halliburton has an average rating of “Buy” and an average target price of $59.60.
In related news, Director William E. Albrecht bought 8,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.
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