Halliburton (NYSE:HAL) Short Interest Update

Halliburton (NYSE:HAL) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 26,123,700 shares, a decrease of 13.5% from the May 30th total of 30,193,800 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 12,120,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional investors and hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC increased its stake in shares of Halliburton by 8.4% in the first quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock valued at $128,000 after buying an additional 342 shares during the period. Berman Capital Advisors LLC increased its stake in shares of Halliburton by 46.0% in the first quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 395 shares during the period. Tompkins Financial Corp increased its stake in shares of Halliburton by 8.6% in the first quarter. Tompkins Financial Corp now owns 5,060 shares of the oilfield services company’s stock valued at $148,000 after buying an additional 400 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in shares of Halliburton by 1.5% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 27,485 shares of the oilfield services company’s stock valued at $731,000 after buying an additional 409 shares during the period. Finally, Private Capital Group LLC increased its stake in shares of Halliburton by 30.3% in the first quarter. Private Capital Group LLC now owns 1,943 shares of the oilfield services company’s stock valued at $57,000 after buying an additional 452 shares during the period. 77.37% of the stock is owned by institutional investors and hedge funds.

HAL traded down $0.10 on Friday, reaching $23.75. The stock had a trading volume of 11,853,861 shares, compared to its average volume of 13,210,266. Halliburton has a fifty-two week low of $20.98 and a fifty-two week high of $45.60. The firm’s 50-day moving average price is $22.42. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 1.57. The stock has a market cap of $20.76 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 3.06 and a beta of 1.30.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that Halliburton will post 1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. Halliburton’s payout ratio is presently 37.89%.

HAL has been the topic of a number of research reports. SunTrust Banks set a $75.00 price objective on Cimarex Energy and gave the company a “hold” rating in a report on Tuesday, April 23rd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Owens Corning in a report on Tuesday, April 23rd. AltaCorp Capital reaffirmed a “sector perform” rating on shares of STEP Energy Services in a report on Thursday, June 20th. Piper Jaffray Companies set a $40.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. Finally, Edward Jones lowered Halliburton from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.00.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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