Today: Today: PNC Financial Services Group Inc. Reached $27,976,000 position of Halliburton Co. (HAL)

Today: PNC Financial Services Group Inc. Reached $27,976,000 position  of Halliburton Co. (HAL)

PNC Financial Services Group Inc. boosted its stake in shares of Halliburton Co. (NYSE:HAL) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 623,362 shares of the oilfield services company’s stock after buying an additional 10,107 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of Halliburton worth $27,976,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AMG National Trust Bank boosted its stake in shares of Halliburton by 3.3% in the third quarter. AMG National Trust Bank now owns 19,571 shares of the oilfield services company’s stock valued at $878,000 after buying an additional 626 shares during the last quarter. CIBC World Markets Inc. boosted its stake in shares of Halliburton by 22.9% in the third quarter. CIBC World Markets Inc. now owns 47,072 shares of the oilfield services company’s stock valued at $2,113,000 after buying an additional 8,768 shares during the last quarter. Redwood Investments LLC raised its position in shares of Halliburton by 47.3% in the third quarter. Redwood Investments LLC now owns 327,934 shares of the oilfield services company’s stock valued at $14,718,000 after buying an additional 105,310 shares during the period. Toronto Dominion Bank raised its position in shares of Halliburton by 941.2% in the third quarter. Toronto Dominion Bank now owns 465,543 shares of the oilfield services company’s stock valued at $20,897,000 after buying an additional 420,829 shares during the period. Finally, Hosking Partners LLP raised its position in shares of Halliburton by 13.6% in the third quarter. Hosking Partners LLP now owns 56,406 shares of the oilfield services company’s stock valued at $2,532,000 after buying an additional 6,741 shares during the period. 78.27% of the stock is owned by institutional investors and hedge funds.

Halliburton Co. (NYSE:HAL) traded down 0.02% on Monday, reaching $49.50. 3,442,383 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $47.78 and a 200-day moving average price of $44.52. The stock’s market capitalization is $42.79 billion. Halliburton Co. has a 52 week low of $27.64 and a 52 week high of $50.49.

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

The business 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. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.45%. Halliburton’s dividend payout ratio is presently -10.98%.

Several brokerages have commented on HAL. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday. Bank of America Corp. restated a “buy” rating on shares of Halliburton in a report on Friday, November 18th. Vetr upgraded shares of Halliburton from a “sell” rating to a “hold” rating and set a $46.86 price objective for the company in a report on Tuesday, October 25th. Societe Generale restated a “buy” rating and issued a $58.00 price objective on shares of Halliburton in a report on Sunday, October 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $58.00 price objective (up from $50.00) on shares of Halliburton in a report on Sunday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $50.81.

In other Halliburton news, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Jeffrey Allen Miller sold 55,299 shares of the company’s stock in a transaction that occurred 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 sale, the president now owns 302,261 shares in the company, valued at approximately $15,113,050. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Halliburton Company Profile

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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