Hellman Jordan Management Co. Inc. MA Purchases Shares of 22,135 Halliburton Company (NYSE:HAL)

Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,135 shares of the oilfield services company’s stock, valued at approximately $945,000. Halliburton accounts for 2.0% of Hellman Jordan Management Co. Inc. MA’s investment portfolio, making the stock its 15th largest position.

A number of other large investors have also recently bought and sold shares of HAL. Sumitomo Mitsui Financial Group Inc. bought a new position in Halliburton during the first quarter worth $100,000. Perigon Wealth Management LLC increased its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank increased its position in Halliburton by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its position in Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock worth $142,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

Shares of Halliburton Company (NYSE HAL) opened at 38.99 on Friday. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company’s market cap is $33.98 billion. The stock’s 50 day moving average is $42.27 and its 200-day moving average is $47.14.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. On average, equities analysts anticipate that Halliburton Company will post $1.12 earnings per share for the current 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 paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio is presently -423.50%.

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Several research analysts recently commented on the stock. Royal Bank Of Canada set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $55.00 price objective (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.60.

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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