Adams Natural Resources Fund Inc. Has $3.57 Million Stock Position in Halliburton Company $HAL

Key Points

• Adams Natural Resources Fund Inc. increased its stake in Halliburton by 28.4% in the second quarter, bringing its total holdings to 175,353 shares worth approximately $3.57 million.
• Halliburton reported a quarterly EPS of $0.58, exceeding analyst expectations, with revenues of $5.60 billion, slightly down from the previous year.
• The firm recently announced a quarterly dividend of $0.17 per share, with a current annualized yield of 2.7% and a payout ratio of 31.78%.

Adams Natural Resources Fund Inc. boosted its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 28.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 175,353 shares of the oilfield services company's stock after buying an additional 38,764 shares during the period. Adams Natural Resources Fund Inc.'s holdings in Halliburton were worth $3,574,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Halliburton in the second quarter valued at approximately $287,000. V Square Quantitative Management LLC raised its holdings in shares of Halliburton by 82.1% in the second 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 holdings in shares of Halliburton by 42.4% in the first 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. Perpetual Ltd raised its holdings in shares of Halliburton by 29.7% in the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company's stock valued at $22,050,000 after purchasing an additional 248,015 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Halliburton by 33.6% in the first 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. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

NYSE:HAL opened at $25.27 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $21.70. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The stock has a market capitalization of $21.55 billion, a PE ratio of 11.81 and a beta of 1.02.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.39 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton's payout ratio is 31.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Melius assumed coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Royal Bank Of Canada upgraded shares of Halliburton from a "sector perform" rating to an "outperform" rating in a report on Wednesday. Piper Sandler downgraded shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a report on Monday, July 28th. Zephirin Group raised their target price on shares of Halliburton from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Halliburton from $29.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, October 17th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

Halliburton 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.

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