Several other institutional investors and hedge funds also recently made changes to their positions in HAL. BKD Wealth Advisors LLC raised its position in shares of Halliburton by 6.5% during the second quarter. Legal & General Gru Pcl holds 0.14% or 4.12 million shares in its portfolio. CA boosted its position in shares of Halliburton by 94.3% during the 3rd quarter. Salem Capital Management Inc. now owns 71,000 shares of the oilfield services company's stock valued at $3,032,000 after buying an additional 700 shares during the last quarter.
In related news, insider Myrtle L. Jones sold 726 shares of the company's stock in a transaction that occurred on Wednesday, March 8th.
Community Trust & Investment Co decreased Halliburton Co (HAL) stake by 83.64% reported in 2017Q2 SEC filing.
Institutional investors have also been busy with the stock. Lawrence Pope has seen steady activity on the sell side, and on November 27, 2017, executed an option to sell 9100 shares.
Among new and sold out positions, 74 holders initiated new positions by a total of 12.86 million shares and 95 holders exited their positions by a total of 15.48 million shares. Following the transaction, the executive vice president now directly owns 180,646 shares of the company's stock, valued at approximately $7,469,712.10. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the insider now owns 15,418 shares in the company, valued at $811,449.34. The disclosure for this sale can be found here.
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Looking about the past performance history, the company plunged 5.04% for the last five trades and exhausted -3.77% in one month period.
A number of brokerages have recently commented on HAL. Current market cap is $38.05B and the stock has an EPS of $0.24. J P Morgan Chase & Co reduced their price objective on Halliburton from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 12th. Finally, FBR & Co cut their target price on Halliburton from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, October 24th.
The stock increased 2.04% or $0.03 during the last trading session, reaching $1.48. BMO Capital Markets maintained the shares of HAL in report on Wednesday, June 7 with "Buy" rating. Jefferies Group set a $56.00 target price on Halliburton and gave the stock a "buy" rating in a research note on Monday, August 28th.
The consensus recommendation, according to Zacks Investment research, is 1.46. The company now has an average rating of "Buy" and a consensus price target of $57.55.
The stock decreased 1.40% or $0.61 during the last trading session, reaching $42.84. About 8.81 million shares traded or 5.05% up from the average. The company rocked its 52-Week High of $58.78 and touched its 52-Week Low of $38.18. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67.
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Halliburton (NYSE:HAL) opened at $43.38 on Thursday. Nomura maintained Halliburton Company (NYSE:HAL) on Thursday, October 20 with "Buy" rating. Tower Research Capital Lc (Trc) holds 0.01% of its portfolio in Halliburton Company (NYSE:HAL) for 2,405 shares. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. For the past 5 years, The Company's EPS growth has been almost -32.30%. During the same period in the prior year, the firm posted $0.07 earnings per share.
Many analysts have provided their estimated foresights on Halliburton Company Earnings, with 33 analysts believing the company would generate an Average Estimate of $0.46.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Moreover, Tradition Mgmt Limited Liability Corporation has 0.19% invested in Halliburton Company (NYSE:HAL) for 13,310 shares. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton's dividend payout ratio is now 300.01%.
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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