AG2R LA Mondiale Gestion D Actifs Purchases Shares of 99,391 Halliburton Company $HAL

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $2.52 million in Halliburton Company by acquiring 99,391 shares during the first quarter.
• Halliburton's quarterly earnings report showed an EPS of $0.55, matching analysts' expectations, while revenue declined by 5.5% compared to the previous year.
• The company declared a quarterly dividend of $0.17 per share, resulting in a 3.1% dividend yield for shareholders.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 99,391 shares of the oilfield services company's stock, valued at approximately $2,522,000.

A number of other hedge funds have also added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $28,000. Stone House Investment Management LLC purchased a new position in Halliburton during the 1st quarter worth $30,000. Hexagon Capital Partners LLC boosted its holdings 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 worth $36,000 after acquiring an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter worth about $39,000. Finally, Zions Bancorporation National Association UT purchased a new position in Halliburton during the first quarter worth about $37,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HAL shares. Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price on the stock. in a research note on Monday, July 28th. Wells Fargo & Company cut their price objective on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Melius assumed coverage on Halliburton in a research report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Barclays cut their price target on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.37.

Halliburton Price Performance

HAL traded down $0.13 during trading on Thursday, reaching $22.12. 5,300,755 shares of the company were exchanged, compared to its average volume of 13,313,724. The company's 50-day moving average is $21.88 and its two-hundred day moving average is $21.90. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 10.34 and a beta of 1.10. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is 31.78%.

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.