Cramer Rosenthal Mcglynn LLC Boosts Stake in Halliburton Company (HAL)
Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Halliburton Company (NYSE:HAL) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,077,257 shares of the oilfield services company’s stock after buying an additional 47,355 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.12% of Halliburton worth $46,010,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its position in shares of Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares during the period. Comerica Securities Inc. raised its stake in Halliburton by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after acquiring an additional 18 shares during the last quarter. Appleton Partners Inc. MA raised its stake in Halliburton by 0.4% in the 2nd quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock worth $220,000 after acquiring an additional 21 shares during the last quarter. Hanson McClain Inc. raised its stake in Halliburton by 0.8% in the 1st quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company’s stock worth $222,000 after acquiring an additional 34 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in Halliburton by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,348 shares of the oilfield services company’s stock worth $165,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
Halliburton Company (NYSE:HAL) traded up 0.568% during midday trading on Wednesday, hitting $45.185. The company had a trading volume of 1,784,673 shares. The stock’s 50-day moving average price is $41.41 and its 200-day moving average price is $44.32. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The stock’s market cap is $39.38 billion.
Halliburton (NYSE:HAL) last posted its earnings results 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. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. Halliburton’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.14) earnings per share. On average, equities research analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.
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Several research analysts have recently issued reports on the company. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $56.00 target price on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of Halliburton in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.61.
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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