Alliancebernstein LP Sells 979912 Shares of Halliburton Company

Marco Green
July 24, 2017

Shares of Halliburton Company (NYSE:HAL) traded down 2.20% during trading on Friday, reaching $44.38. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $65.00 price target on shares of Halliburton in a report on Monday, April 3rd. Carnegie Capital Asset Management Limited Liability Com invested 0.05% of its portfolio in Halliburton Company (NYSE:HAL). De Burlo Group Inc who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $52.01B market cap company. On average, analysts anticipate that Halliburton Company will post $1.01 EPS for the current fiscal year. The company has an average rating of "Buy" and a consensus target price of $59.85. Jefferies Group LLC reaffirmed a "buy" rating and issued a $70.00 price target on shares of Halliburton in a research note on Monday, April 3rd.

Now the shares of Halliburton Company (HAL) has the trading volume of 11.66 Million shares with the average trading volume of 9550 shares. Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the company a "buy" rating in a report on Monday, March 27th.

Several equities research analysts recently weighed in on HAL shares. The hedge fund run by Vince Maddi held 586,215 shares of the oilfield services and equipment company at the end of 2016Q4, valued at $31.71 million, up from 250,115 at the end of the previous reported quarter. Wealthfront Inc. raised its stake in Halliburton by 21.1% in the fourth quarter. In the same period a year ago, the company reported a net loss per share of $0.14 on revenues of $3.84 billion. TheStreet lowered Halliburton from a "c-" rating to a "d+" rating in a research note on Thursday, June 29th. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.23 on revenues of $4.96 billion. The firm's 50-day moving average is $43.66 and its 200-day moving average is $49.22. The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion.

Halliburton Company (NYSE:HAL) - Equities researchers at Seaport Global Securities issued their Q2 2017 earnings per share estimates for Halliburton in a research note issued on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Fund Evaluation Group LLC increased its stake in shares of Halliburton by 0.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company's stock valued at $2,550,805,000 after buying an additional 50,022,982 shares during the last quarter. Finally, Discovery Capital Management LLC CT acquired a new position in Halliburton during the fourth quarter worth $193,469,000. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $370,640. Buckhead Capital Management LLC increased its stake in shares of Halliburton by 0.3% in the first quarter.

Halliburton Company (NYSE:HAL) early Monday posted much better than expected second quarter earnings results, as revenues continue to be propelled by a major US shale drilling boom. Independent Advisor Alliance bought a new position in shares of Halliburton during the fourth quarter worth about $101,000. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%.

ILLEGAL ACTIVITY NOTICE: "New York State Teachers Retirement System Has $73.87 Million Stake in Halliburton Company (HAL)" was first posted by Transcript Daily and is the property of of Transcript Daily. Halliburton's dividend payout ratio is presently -18.32%. If you are reading this story on another website, it was stolen and republished in violation of USA and worldwide trademark and copyright laws. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. For the past 5 days of trading, the stock has seen a move of 0.36%. Following the transaction, the director now directly owns 8,000 shares of the company's stock, valued at approximately $370,640. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Institutional investors own 79.74% of the company's stock.

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