Virtu Financial LLC reduced its stake in shares of Halliburton Company (NYSE:HAL) by 31.5% during the second quarter, Holdings Channel reports. The firm owned 14,545 shares of the oilfield services company’s stock after selling 6,690 shares during the period. Virtu Financial LLC’s holdings in Halliburton were worth $621,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in HAL. Checchi Capital Advisers LLC raised its position in shares of Halliburton by 8.9% in the first quarter. Checchi Capital Advisers LLC now owns 8,631 shares of the oilfield services company’s stock valued at $425,000 after buying an additional 707 shares during the period. Marietta Investment Partners LLC raised its position in shares of Halliburton by 84.4% in the first quarter. Marietta Investment Partners LLC now owns 29,923 shares of the oilfield services company’s stock worth $1,473,000 after buying an additional 13,693 shares during the last quarter. Trexquant Investment LP raised its position in shares of Halliburton by 18.1% in the first quarter. Trexquant Investment LP now owns 19,600 shares of the oilfield services company’s stock worth $965,000 after buying an additional 3,000 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Halliburton by 62.2% in the first quarter. Shell Asset Management Co. now owns 144,957 shares of the oilfield services company’s stock worth $7,133,000 after buying an additional 55,595 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of Halliburton by 5.3% in the first quarter. Suntrust Banks Inc. now owns 112,331 shares of the oilfield services company’s stock worth $5,526,000 after buying an additional 5,690 shares during the last quarter. 79.67% of the stock is owned by institutional investors.
Shares of Halliburton Company (NYSE HAL) traded down 1.21% on Friday, hitting $40.02. 5,519,611 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $42.63 and its 200 day moving average is $47.79. The firm’s market cap is $34.88 billion. Halliburton Company has a 12 month low of $40.00 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (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 company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
HAL has been the subject of a number of research analyst reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a $62.00 target price (down from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. Guggenheim lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.60.
In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $370,640. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.
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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The article first appeared in thestockobserver.com