Stratos Wealth Partners LTD. increased its stake in Halliburton Company (NYSE:HAL) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 11,409 shares of the oilfield services company’s stock after buying an additional 681 shares during the period. Stratos Wealth Partners LTD.’s holdings in Halliburton Company were worth $561,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Halliburton Company by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares during the period. Norges Bank bought a new stake in shares of Halliburton Company during the fourth quarter valued at about $488,738,000. Putnam Investments LLC increased its stake in shares of Halliburton Company by 183.6% in the fourth quarter. Putnam Investments LLC now owns 3,803,227 shares of the oilfield services company’s stock valued at $205,716,000 after buying an additional 2,462,332 shares during the period. Swiss National Bank increased its stake in shares of Halliburton Company by 27.7% in the first quarter. Swiss National Bank now owns 3,063,197 shares of the oilfield services company’s stock valued at $150,740,000 after buying an additional 664,800 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Halliburton Company by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,577,467 shares of the oilfield services company’s stock valued at $126,837,000 after buying an additional 39,359 shares during the period. Hedge funds and other institutional investors own 79.48% of the company’s stock.
Halliburton Company (NYSE HAL) opened at 41.78 on Monday. The firm’s market cap is $36.26 billion. Halliburton Company has a one year low of $40.12 and a one year high of $58.78. The stock’s 50 day moving average is $44.82 and its 200-day moving average is $50.32.
Halliburton Company (NYSE:HAL) last released its earnings results on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative net margin of 21.19% and a negative return on equity of 0.48%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post $0.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Monday, June 5th. Halliburton Company’s dividend payout ratio is currently -18.32%.
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Several research analysts have recently commented on the stock. TheStreet cut shares of Halliburton Company from a “c-” rating to a “d+” rating in a report on Thursday, June 29th. BidaskClub cut shares of Halliburton Company from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Cowen and Company lowered their target price on shares of Halliburton Company from $59.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Credit Suisse Group set a $60.00 target price on shares of Halliburton Company and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Halliburton Company in a report on Monday, April 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.21.
In other Halliburton Company news, Director William E. Albrecht bought 8,000 shares of Halliburton Company stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $46.33 per share, with a total value of $370,640.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at $370,640. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.
About Halliburton Company
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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