Machina Capital S.A.S. Invests $1.39 Million in Halliburton Company (NYSE:HAL)

Machina Capital S.A.S. purchased a new stake in Halliburton Company (NYSE:HAL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 54,903 shares of the oilfield services company's stock, valued at approximately $1,393,000.

Other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter valued at approximately $28,000. Hexagon Capital Partners LLC grew its stake in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 656 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $39,000. Versant Capital Management Inc increased its stake in Halliburton by 830.5% in the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after buying an additional 1,827 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Halliburton in the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

Halliburton stock traded up $0.05 during trading hours on Friday, hitting $22.47. 15,727,914 shares of the stock were exchanged, compared to its average volume of 14,436,213. The stock has a market capitalization of $19.31 billion, a P/E ratio of 10.50, a P/E/G ratio of 3.79 and a beta of 1.13. The business's 50-day moving average is $21.22 and its two-hundred day moving average is $23.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 2.00. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $34.97.

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

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.03%. Halliburton's payout ratio is currently 31.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup dropped their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Susquehanna reduced their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a report on Wednesday. Stifel Nicolaus cut their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays decreased their price objective on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada cut their target price on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.61.

Halliburton Company Profile

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.