111 Capital Sells 52,867 Shares of Halliburton Company $HAL

Key Points

• 111 Capital reduced its stake in Halliburton Company by 76.0%, owning only 16,692 shares after selling 52,867 shares in the second quarter.
• Halliburton announced a quarterly dividend of $0.17, with a payout ratio of 31.78% and a dividend yield of 2.8%.
• The company's stock is currently priced at $24.36, with a reported market capitalization of $20.77 billion and a P/E ratio of 11.38.

111 Capital lessened its stake in Halliburton Company (NYSE:HAL - Free Report) by 76.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,692 shares of the oilfield services company's stock after selling 52,867 shares during the period. 111 Capital's holdings in Halliburton were worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC lifted its stake in shares of Halliburton by 13,675.2% in the 1st quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock valued at $440,000 after acquiring an additional 17,094 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Halliburton during the 2nd quarter valued at approximately $287,000. V Square Quantitative Management LLC raised its position in Halliburton by 82.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company's stock valued at $997,000 after purchasing an additional 22,045 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company's stock valued at $7,816,000 after purchasing an additional 91,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after purchasing an additional 40,109 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 0.2%

Shares of NYSE:HAL opened at $24.36 on Tuesday. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The firm has a market capitalization of $20.77 billion, a P/E ratio of 11.38 and a beta of 1.02. The stock has a 50 day moving average price of $22.45 and a 200-day moving average price of $21.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. As a group, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. Halliburton's dividend payout ratio is presently 31.78%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of recent analyst reports. Piper Sandler lowered Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target for the company. in a research report on Monday, July 28th. Wells Fargo & Company lowered their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Susquehanna lowered their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus lowered their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.30.

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.

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