Dai Ichi Life Insurance Company Ltd Buys 29,081 Shares of Halliburton Company (HAL)
Dai Ichi Life Insurance Company Ltd increased its stake in shares of Halliburton Company (NYSE:HAL) by 28.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,569 shares of the oilfield services company’s stock after purchasing an additional 29,081 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Halliburton were worth $5,619,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of HAL. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton in the 1st quarter valued at about $100,000. Perigon Wealth Management LLC grew its holdings in Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares during the period. Ledyard National Bank grew its holdings in Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in Halliburton by 5.0% in the 2nd 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 period. Finally, Independent Portfolio Consultants Inc. grew its holdings in Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares during the period. Hedge funds and other institutional investors own 79.53% of the company’s stock.
Several analysts have commented on the company. J P Morgan Chase & Co lowered their price target on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and issued a $53.00 price target on shares of Halliburton in a report on Wednesday, September 6th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 target price on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub cut Halliburton from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.61.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
Shares of Halliburton Company (NYSE:HAL) opened at 42.31 on Friday. The firm’s market capitalization is $36.88 billion. The stock has a 50 day moving average price of $40.41 and a 200 day moving average price of $45.08. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the company earned ($0.14) EPS. Halliburton’s revenue was up 29.3% compared to the same quarter last year. Equities research analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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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