Pacer Advisors Inc. grew its holdings in shares of Halliburton (NYSE:HAL) by 13.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 82,798 shares of the oilfield services company’s stock after purchasing an additional 9,853 shares during the period. Pacer Advisors Inc.’s holdings in Halliburton were worth $1,883,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC raised its stake in Halliburton by 2.9% during the second quarter. Ancora Advisors LLC now owns 23,575 shares of the oilfield services company’s stock valued at $536,000 after buying an additional 670 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Halliburton by 195.3% in the second quarter. Cetera Advisor Networks LLC now owns 38,445 shares of the oilfield services company’s stock worth $871,000 after acquiring an additional 25,427 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Halliburton by 41.3% during the second quarter. Cetera Advisors LLC now owns 12,857 shares of the oilfield services company’s stock valued at $294,000 after acquiring an additional 3,758 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Halliburton by 1.2% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,244,295 shares of the oilfield services company’s stock valued at $28,295,000 after acquiring an additional 15,001 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in shares of Halliburton by 33.9% during the second quarter. Korea Investment CORP now owns 913,600 shares of the oilfield services company’s stock valued at $20,775,000 after acquiring an additional 231,200 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
Shares of HAL stock traded down $0.11 during mid-day trading on Wednesday, hitting $19.92. The company had a trading volume of 459,895 shares, compared to its average volume of 12,608,610. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59. The stock’s 50 day moving average price is $19.84 and its 200-day moving average price is $24.71. Halliburton has a 52-week low of $16.97 and a 52-week high of $42.57. The company has a market capitalization of $17.37 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.36 and a beta of 1.37.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. Halliburton’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts expect that Halliburton will post 1.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.61%. Halliburton’s payout ratio is 37.89%.
A number of brokerages recently issued reports on HAL. AltaCorp Capital reiterated a “sector perform” rating on shares of Halliburton in a research note on Thursday, June 20th. Cowen restated an “outperform” rating and set a $35.00 price objective (up from $33.00) on shares of Halliburton in a research note on Tuesday, July 23rd. Citigroup decreased their target price on shares of Halliburton from $30.00 to $27.00 and set a “buy” rating for the company in a report on Friday, September 6th. Edward Jones downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and an average target price of $39.26.
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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