Warren Averett Asset Management LLC held its position in shares of Halliburton Company (NYSE:HAL) during the second quarter, Holdings Channel reports. The fund owned 20,005 shares of the oilfield services company’s stock at the end of the second quarter. Warren Averett Asset Management LLC’s holdings in Halliburton were worth $854,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HAL. Bbva Compass Bancshares Inc. boosted its position in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares during the last quarter. Channing Capital Management LLC boosted its position in shares of Halliburton by 21.8% in the second quarter. Channing Capital Management LLC now owns 173,755 shares of the oilfield services company’s stock valued at $7,421,000 after buying an additional 31,059 shares during the last quarter. Country Trust Bank boosted its position in shares of Halliburton by 4.8% in the second quarter. Country Trust Bank now owns 513,045 shares of the oilfield services company’s stock valued at $21,912,000 after buying an additional 23,686 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Halliburton by 4,171.2% in the second quarter. Harbour Capital Advisors LLC now owns 10,678 shares of the oilfield services company’s stock valued at $250,000 after buying an additional 10,428 shares during the last quarter. Finally, First Merchants Corp boosted its position in shares of Halliburton by 5.3% in the second quarter. First Merchants Corp now owns 20,796 shares of the oilfield services company’s stock valued at $888,000 after buying an additional 1,039 shares during the last quarter. 78.54% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Company (NYSE HAL) opened at 38.69 on Friday. The company has a 50-day moving average price of $42.37 and a 200-day moving average price of $47.27. The firm’s market capitalization is $33.72 billion. Halliburton Company has a one year low of $38.55 and a one year high of $58.78.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the business earned ($0.14) EPS. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities research analysts anticipate that Halliburton Company will post $1.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.86%. Halliburton’s dividend payout ratio is presently -423.50%.

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Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. FBR & Co lowered their price target on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Scotiabank set a $52.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 25th. UBS AG reissued a “buy” rating and set a $62.00 price target (down previously from $70.00) on shares of Halliburton in a research report on Tuesday, July 25th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $55.00 price target (down previously from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. 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 assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.60.

About Halliburton

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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