Guinness Asset Management Ltd Has $10.31 Million Holdings in Halliburton (HAL)
Guinness Asset Management Ltd grew its holdings in shares of Halliburton (NYSE:HAL) by 21.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 228,786 shares of the oilfield services company’s stock after acquiring an additional 40,500 shares during the quarter. Halliburton comprises approximately 2.0% of Guinness Asset Management Ltd’s holdings, making the stock its 29th largest position. Guinness Asset Management Ltd’s holdings in Halliburton were worth $10,309,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Avestar Capital LLC lifted its holdings in shares of Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after buying an additional 2,180 shares during the period. Sun Life Financial INC lifted its holdings in shares of Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 2,188 shares during the period. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Halliburton in the first quarter valued at $129,000. Squar Milner Financial Services LLC acquired a new stake in shares of Halliburton in the second quarter valued at $130,000. Finally, Banco de Sabadell S.A acquired a new stake in shares of Halliburton in the second quarter valued at $136,000. Institutional investors own 78.84% of the company’s stock.
Several analysts have recently weighed in on HAL shares. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a report on Thursday, September 6th. Wells Fargo & Co upped their price objective on Halliburton from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. Jefferies Financial Group set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Seaport Global Securities restated a “buy” rating and issued a $55.00 price objective on shares of Halliburton in a report on Monday, July 23rd. Finally, SunTrust Banks cut their price objective on Halliburton to $58.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.17.
Shares of Halliburton stock opened at $39.04 on Monday. The firm has a market cap of $33.56 billion, a PE ratio of 32.00, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 1.18. Halliburton has a 12-month low of $35.75 and a 12-month high of $57.86.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.12 billion. Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. equities research analysts predict that Halliburton will post 2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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