Guyasuta Investment Advisors Inc. Sells 100 Shares of Halliburton Company (HAL)
Guyasuta Investment Advisors Inc. trimmed its holdings in shares of Halliburton Company (NYSE:HAL) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,324 shares of the oilfield services company’s stock after selling 100 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Halliburton were worth $441,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Halliburton in the first quarter worth approximately $100,000. Perigon Wealth Management LLC boosted 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 purchasing an additional 17 shares during the period. Ledyard National Bank boosted its position in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after purchasing an additional 150 shares during the period. 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 worth $115,000 after purchasing an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted 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 purchasing an additional 1,266 shares during the period. Institutional investors own 79.53% of the company’s stock.
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HAL has been the subject of a number of research reports. Credit Suisse Group set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, June 5th. Jefferies Group LLC restated a “buy” rating and set a $69.00 target price on shares of Halliburton in a research report on Friday, May 26th. HSBC Holdings plc restated a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Halliburton in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, Scotiabank restated a “buy” rating and set a $59.00 target price on shares of Halliburton in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average target price of $58.61.
Halliburton Company (HAL) opened at 41.26 on Wednesday. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The company has a 50 day moving average of $40.53 and a 200 day moving average of $45.29. The stock’s market capitalization is $35.96 billion.
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 the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. On average, equities analysts predict that Halliburton Company will post $1.12 EPS for the current 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% 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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