Trade Report: Today, Pillar Pacific Capital Management LLC invests in Halliburton Co. (HAL) Shares

Today, Pillar Pacific Capital Management LLC invests in Halliburton Co. (HAL) Shares

Pillar Pacific Capital Management LLC increased its position in Halliburton Co. (NYSE:HAL) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 108,564 shares of the oilfield services company’s stock after buying an additional 990 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Halliburton were worth $4,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAL. Johnson Financial Group Inc. boosted its position in Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock worth $103,000 after buying an additional 772 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock worth $104,000 after buying an additional 379 shares during the last quarter. Manchester Capital Management LLC boosted its position in Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares during the last quarter. FTB Advisors Inc. boosted its position in Halliburton by 31.5% in the third quarter. FTB Advisors Inc. now owns 2,430 shares of the oilfield services company’s stock worth $116,000 after buying an additional 582 shares during the last quarter. Finally, Citizens Financial Group Inc RI boosted its position in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock worth $117,000 after buying an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

Halliburton Co. (NYSE:HAL) traded up 0.08% on Friday, hitting $49.51. The stock had a trading volume of 2,736,261 shares. The stock’s 50 day moving average is $47.64 and its 200 day moving average is $44.44. Halliburton Co. has a one year low of $27.64 and a one year high of $50.49. The stock’s market cap is $42.80 billion.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The firm earned $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Halliburton had a positive return on equity of 1.82% and a negative net margin of 33.29%. Halliburton’s revenue was down 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Analysts anticipate that Halliburton Co. will post ($0.05) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, December 5th. Halliburton’s payout ratio is -10.98%.

HAL has been the topic of several recent research reports. Citigroup Inc. reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, August 3rd. Atlantic Securities initiated coverage on shares of Halliburton in a report on Monday, August 8th. They set an “underweight” rating and a $38.00 target price on the stock. Jefferies Group reiterated a “buy” rating on shares of Halliburton in a report on Tuesday, August 30th. Guggenheim reiterated a “sell” rating on shares of Halliburton in a report on Wednesday, August 31st. Finally, Vetr cut shares of Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price on the stock. in a report on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.81.

In other Halliburton news, President Jeffrey Allen Miller sold 55,299 shares of the stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $50.00, for a total value of $2,764,950.00. Following the completion of the transaction, the president now owns 302,261 shares in the company, valued at $15,113,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James S. Brown sold 28,439 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total value of $1,336,633.00. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

About Halliburton

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.

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