Halliburton (NYSE:HAL) Short Interest Update

Halliburton (NYSE:HAL) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 30,193,800 shares, a growth of 32.5% from the May 15th total of 22,795,600 shares. Based on an average daily trading volume, of 11,230,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.5% of the shares of the company are short sold.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Halliburton by 2.6% in the fourth quarter. BlackRock Inc. now owns 59,501,439 shares of the oilfield services company’s stock worth $1,581,547,000 after acquiring an additional 1,502,255 shares during the period. Sanders Capital LLC raised its position in shares of Halliburton by 7.6% in the first quarter. Sanders Capital LLC now owns 23,155,102 shares of the oilfield services company’s stock worth $747,984,000 after acquiring an additional 1,642,600 shares during the period. Macquarie Group Ltd. raised its position in shares of Halliburton by 15.7% in the fourth quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock worth $558,907,000 after acquiring an additional 2,860,965 shares during the period. Harris Associates L P acquired a new position in shares of Halliburton in the fourth quarter worth about $336,506,000. Finally, Pzena Investment Management LLC raised its position in shares of Halliburton by 95.4% in the first quarter. Pzena Investment Management LLC now owns 12,427,763 shares of the oilfield services company’s stock worth $364,133,000 after acquiring an additional 6,067,846 shares during the period. Institutional investors and hedge funds own 77.37% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. UBS Group set a $36.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. Seaport Global Securities set a $49.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley set a $40.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. SunTrust Banks dropped their price objective on shares of Halliburton to $39.00 and set an “average” rating on the stock in a report on Tuesday, April 23rd. Finally, Barclays dropped their price objective on shares of Halliburton from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Halliburton has an average rating of “Buy” and a consensus price target of $44.04.

NYSE:HAL traded up $0.70 during mid-day trading on Wednesday, hitting $23.20. The company’s stock had a trading volume of 12,689,202 shares, compared to its average volume of 10,717,679. Halliburton has a 1 year low of $20.98 and a 1 year high of $47.03. The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $19.67 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.31. The business’s fifty day moving average price is $23.13.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.53 billion. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Halliburton will post 1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.10%. Halliburton’s dividend payout ratio (DPR) is currently 37.89%.

Halliburton Company Profile

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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