ProShare Advisors LLC Raises Holdings in Halliburton (NYSE:HAL)

ProShare Advisors LLC boosted its stake in shares of Halliburton (NYSE:HAL) by 13.7% in the 2nd quarter, Holdings Channel reports. The fund owned 219,177 shares of the oilfield services company’s stock after buying an additional 26,409 shares during the period. ProShare Advisors LLC’s holdings in Halliburton were worth $7,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of HAL. Price T Rowe Associates Inc. MD grew its stake in shares of Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares during the period. LSV Asset Management boosted its holdings in Halliburton by 24,954.1% during the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after buying an additional 2,720,000 shares in the last quarter. Vanguard Group Inc. grew its position in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HAL shares. Jefferies Financial Group lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a report on Monday, July 22nd. Johnson Rice raised Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Finally, UBS Group dropped their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.11.

Halliburton Stock Up 0.0 %

Shares of NYSE HAL opened at $29.96 on Wednesday. The stock has a market cap of $26.52 billion, a PE ratio of 10.37, a P/E/G ratio of 0.95 and a beta of 1.89. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 12-month low of $27.52 and a 12-month high of $43.85. The company has a 50-day moving average of $31.26 and a 200 day moving average of $34.75.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. As a group, sell-side analysts predict that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. Halliburton’s dividend payout ratio is presently 23.53%.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.