Dimensional Fund Advisors LP Lowers Holdings in Halliburton Company (HAL)

Dimensional Fund Advisors LP lowered its holdings in shares of Halliburton Company (NYSE:HAL) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,679,208 shares of the oilfield services company’s stock after selling 383,789 shares during the quarter. Dimensional Fund Advisors LP owned 0.19% of Halliburton worth $71,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HAL. Harel Insurance Investments & Financial Services Ltd. bought a new position in Halliburton during the first quarter valued at $9,692,000. Hodges Capital Management Inc. lifted its position in Halliburton by 190.2% during the first quarter. Hodges Capital Management Inc. now owns 39,768 shares of the oilfield services company’s stock valued at $1,957,000 after purchasing an additional 26,065 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in Halliburton by 27.0% during the first quarter. Virginia Retirement Systems ET AL now owns 116,231 shares of the oilfield services company’s stock valued at $5,720,000 after purchasing an additional 24,731 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in Halliburton during the first quarter valued at $303,000. Finally, Zweig DiMenna Associates LLC lifted its position in Halliburton by 23.7% during the first quarter. Zweig DiMenna Associates LLC now owns 333,257 shares of the oilfield services company’s stock valued at $16,400,000 after purchasing an additional 63,938 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) opened at 45.03 on Wednesday. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company’s market capitalization is $39.25 billion. The stock has a 50 day moving average of $42.26 and a 200-day moving average of $44.14.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. Analysts predict that Halliburton Company will post $1.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. Halliburton’s payout ratio is -423.50%.

In related news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Lowers Holdings in Halliburton Company (HAL)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/11/dimensional-fund-advisors-lp-lowers-holdings-in-halliburton-company-hal.html.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG assumed coverage on shares of Halliburton in a research report on Tuesday. They set a “buy” rating and a $54.00 price objective for the company. Cowen and Company set a $50.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research report on Friday, October 6th. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Finally, Citigroup Inc. increased their price objective on shares of Hal

A number of other hedge funds have also added to or reduced their stakes in HAL. Harel Insurance Investments & Financial Services Ltd. bought a new position in Halliburton during the first quarter valued at $9,692,000. Hodges Capital Management Inc. lifted its position in Halliburton by 190.2% during the first quarter. Hodges Capital Management Inc. now owns 39,768 shares of the oilfield services company’s stock valued at $1,957,000 after purchasing an additional 26,065 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in Halliburton by 27.0% during the first quarter. Virginia Retirement Systems ET AL now owns 116,231 shares of the oilfield services company’s stock valued at $5,720,000 after purchasing an additional 24,731 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in Halliburton during the first quarter valued at $303,000. Finally, Zweig DiMenna Associates LLC lifted its position in Halliburton by 23.7% during the first quarter. Zweig DiMenna Associates LLC now owns 333,257 shares of the oilfield services company’s stock valued at $16,400,000 after purchasing an additional 63,938 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) opened at 45.03 on Wednesday. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company’s market capitalization is $39.25 billion. The stock has a 50 day moving average of $42.26 and a 200-day moving average of $44.14.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. Analysts predict that Halliburton Company will post $1.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. Halliburton’s payout ratio is -423.50%.

In related news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Lowers Holdings in Halliburton Company (HAL)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/11/dimensional-fund-advisors-lp-lowers-holdings-in-halliburton-company-hal.html.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG assumed coverage on shares of Halliburton in a research report on Tuesday. They set a “buy” rating and a $54.00 price objective for the company. Cowen and Company set a $50.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research report on Friday, October 6th. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Finally, Citigroup Inc. increased their price objective on shares of Halliburton from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.88.

About Halliburton

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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