Jacobi Capital Management LLC cut its stake in shares of Halliburton Company (NYSE:HAL) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,265 shares of the oilfield services company’s stock after selling 336 shares during the period. Halliburton accounts for about 0.7% of Jacobi Capital Management LLC’s portfolio, making the stock its 24th biggest position. Jacobi Capital Management LLC’s holdings in Halliburton were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings 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 worth $2,878,947,000 after buying an additional 2,242,976 shares during the period. BlackRock Inc. raised its holdings 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 worth $2,550,805,000 after buying an additional 50,022,982 shares during the period. Wellington Management Group LLP raised its holdings 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 worth $1,004,532,000 after buying an additional 227,704 shares during the period. FMR LLC raised its holdings 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 worth $743,191,000 after buying an additional 1,496,685 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Halliburton by 35.1% in the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after buying an additional 3,844,946 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

HAL has been the topic of several recent analyst reports. TheStreet downgraded Halliburton from a “c-” rating to a “d+” rating in a report on Thursday, June 29th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and increased their price target for the stock from $43.00 to $50.00 in a report on Thursday, July 20th. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. FBR & Co reduced their price target on Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $58.61.

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Shares of Halliburton Company (NYSE HAL) opened at 42.21 on Friday. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The firm’s market cap is $36.79 billion. The firm’s 50-day moving average price is $40.43 and its 200-day moving average price is $45.16.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Halliburton’s revenue for the quarter was up 29.3% on a year-over-year basis. Analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.71%. Halliburton’s dividend payout ratio is presently -423.50%.

In other news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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