Halliburton Company (HAL) Position Maintained by Warren Averett Asset Management LLC

Warren Averett Asset Management LLC held its stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,005 shares of the oilfield services company’s stock at the end of the second quarter. Warren Averett Asset Management LLC’s holdings in Halliburton were worth $854,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Rothschild Investment Corp IL raised its stake in Halliburton by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 143,470 shares of the oilfield services company’s stock valued at $7,060,000 after buying an additional 425 shares during the last quarter. Moody National Bank Trust Division raised its stake in Halliburton by 3.8% in the first quarter. Moody National Bank Trust Division now owns 15,267 shares of the oilfield services company’s stock valued at $752,000 after buying an additional 565 shares during the last quarter. Boys Arnold & Co. Inc. acquired a new stake in Halliburton during the first quarter valued at approximately $201,000. Bollard Group LLC raised its stake in Halliburton by 13.0% in the first quarter. Bollard Group LLC now owns 101,413 shares of the oilfield services company’s stock valued at $4,991,000 after buying an additional 11,668 shares during the last quarter. Finally, Ledyard National Bank raised its stake in Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock valued at $114,000 after buying an additional 25 shares during the last quarter. 78.54% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Company (HAL) opened at 38.69 on Friday. The firm has a 50 day moving average of $42.37 and a 200-day moving average of $47.27. The company’s market capitalization is $33.72 billion. Halliburton Company has a 52-week low of $38.55 and a 52-week high of $58.78.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. Equities analysts expect that Halliburton Company will post $1.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.

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Several research firms recently commented on HAL. Cowen and Company dropped their price objective on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 26th. Deutsche Bank AG dropped their price objective on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Jefferies Group LLC set a $69.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Halliburton in a research note on Thursday, July 20th. One 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $59.60.

About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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