AMG National Trust Bank Has $1.73 Million Position in Halliburton Company (HAL)
AMG National Trust Bank increased its stake in shares of Halliburton Company (NYSE:HAL) by 96.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,553 shares of the oilfield services company’s stock after acquiring an additional 19,887 shares during the period. AMG National Trust Bank’s holdings in Halliburton were worth $1,732,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Halliburton by 4.0% during the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after acquiring an additional 2,242,976 shares in the last quarter. BlackRock Inc. raised its holdings in Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after acquiring an additional 50,022,982 shares in the last quarter. Wellington Management Group LLP raised its holdings in Halliburton by 1.1% during the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock worth $1,004,532,000 after acquiring an additional 227,704 shares in the last quarter. FMR LLC raised its holdings in Halliburton by 11.0% during the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock worth $743,191,000 after acquiring an additional 1,496,685 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Halliburton by 8.3% during the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock worth $406,548,000 after acquiring an additional 635,993 shares in the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.
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Halliburton Company (NYSE:HAL) opened at 41.80 on Thursday. 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 $40.49 and a 200 day moving average of $45.20. The stock’s market capitalization is $36.43 billion.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm 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%. The company’s revenue was up 29.3% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. On average, equities research analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. Halliburton’s payout ratio is -423.50%.
Several research firms have issued reports on HAL. Royal Bank Of Canada set a $65.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Saturday, June 24th. Credit Suisse Group set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Halliburton in a research report on Wednesday, September 6th. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $58.61.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by company insiders.
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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