Halliburton Company (HAL) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group grew its stake in Halliburton Company (NYSE:HAL) by 1,298.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,280 shares of the oilfield services company’s stock after purchasing an additional 185,030 shares during the period. Schroder Investment Management Group’s holdings in Halliburton were worth $8,454,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the 1st quarter worth $100,000. Perigon Wealth Management LLC grew its position 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 worth $101,000 after purchasing an additional 17 shares during the last quarter. Ledyard National Bank grew its position in Halliburton by 6.5% in the 2nd 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 last quarter. Bbva Compass Bancshares Inc. grew its position 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 worth $115,000 after purchasing an additional 128 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. grew its position 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 worth $116,000 after purchasing an additional 1,266 shares during the last quarter. Institutional investors own 79.53% of the company’s stock.
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Shares of Halliburton Company (HAL) opened at 42.31 on Friday. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The firm’s 50-day moving average is $40.41 and its 200-day moving average is $45.08. The firm’s market capitalization is $36.88 billion.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. Equities 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. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend 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%.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on the stock. J P Morgan Chase & Co reduced their price objective on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a $55.00 price objective (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. 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 assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $58.61.
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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