Ashburton Jersey Ltd continued to hold its stake in Halliburton Company (NYSE:HAL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,379 shares of the oilfield services company’s stock at the end of the first quarter. Halliburton accounts for about 1.1% of Ashburton Jersey Ltd’s holdings, making the stock its 19th largest position. Ashburton Jersey Ltd’s holdings in Halliburton were worth $2,233,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton during the first quarter worth about $100,000. Ledyard National Bank increased its stake in shares of 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 period. Tradewinds Capital Management LLC increased its stake in shares of Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 35 shares during the period. Coconut Grove Bank increased its stake in shares of Halliburton by 35.5% in the first quarter. Coconut Grove Bank now owns 3,055 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 800 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Halliburton by 1.8% in the first quarter. Quadrant Capital Group LLC now owns 3,480 shares of the oilfield services company’s stock valued at $159,000 after buying an additional 60 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (NYSE:HAL) traded up 0.78% during midday trading on Friday, reaching $38.99. The company’s stock had a trading volume of 8,868,248 shares. The company’s market cap is $33.98 billion. The stock has a 50-day moving average of $42.27 and a 200 day moving average of $47.14. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly 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. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.85%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
Several brokerages have issued reports on HAL. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, April 24th. UBS AG reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Halliburton in a research report on Monday, May 15th. Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $60.00 price target (down previously from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.60.
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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