Halliburton Company (HAL) Shares Sold by Nippon Life Global Investors Americas Inc.
Nippon Life Global Investors Americas Inc. decreased its stake in Halliburton Company (NYSE:HAL) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,280 shares of the oilfield services company’s stock after selling 9,040 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Halliburton were worth $9,024,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton during the first quarter valued at about $100,000. Perigon Wealth Management LLC increased its stake in Halliburton by 0.8% in the first 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 increased its stake in Halliburton by 6.5% in the second 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. increased its stake in Halliburton by 5.0% in the second 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. increased its stake in Halliburton by 87.6% in the second 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. Institutional investors own 79.52% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) opened at 39.01 on Monday. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The stock has a 50 day moving average price of $41.73 and a 200 day moving average price of $46.52. The firm’s market cap is $34.00 billion.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 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 business 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 earned ($0.14) EPS. The business’s revenue was up 29.3% on a year-over-year basis. Equities analysts expect that Halliburton Company will post $1.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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Several analysts recently issued reports on HAL shares. TheStreet downgraded Halliburton from a “c-” rating to a “d+” rating in a research note on Thursday, June 29th. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and boosted their price target for the company from $43.00 to $50.00 in a research note on Thursday, July 20th. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. FBR & Co reduced their price target on Halliburton from $70.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, Credit Suisse Group set a $60.00 price target on Halliburton and gave the company a “buy” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.60.
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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