Halliburton Company (HAL) Stake Maintained by Mackay Shields LLC
Mackay Shields LLC maintained its position in shares of Halliburton Company (NYSE:HAL) during the second quarter, Holdings Channel reports. The firm owned 186,718 shares of the oilfield services company’s stock at the end of the second quarter. Mackay Shields LLC’s holdings in Halliburton were worth $7,975,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of HAL. Vanguard Group Inc. boosted its position 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 during the last quarter. BlackRock Inc. boosted its position 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 during the last quarter. Wellington Management Group LLP boosted its position 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 during the last quarter. FMR LLC boosted its position 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Halliburton Company (NYSE:HAL) traded down 1.21% during mid-day trading on Friday, reaching $40.02. 5,519,611 shares of the company were exchanged. Halliburton Company has a 12 month low of $40.00 and a 12 month high of $58.78. The firm has a 50-day moving average price of $42.63 and a 200 day moving average price of $47.79. The stock’s market capitalization is $34.88 billion.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion during 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) earnings per share. Equities research analysts anticipate that Halliburton Company will post $1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.
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HAL has been the topic of several research analyst reports. TheStreet cut shares of Halliburton from a “c-” rating to a “d+” rating in a research report on Thursday, June 29th. Seaport Global Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and raised their target price for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. BidaskClub cut shares of Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Cowen and Company cut their target price on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Finally, FBR & Co cut their target price on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. One equities 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.60.
In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $46.33 per share, with a total value of $370,640.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $370,640. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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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