Halliburton Company (NYSE:HAL) Shares Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP increased its stake in Halliburton Company by 19.6%, bringing its holdings to $4.19 million with 165,146 shares owned, making it the firm's 13th largest position.
• Institutional investors now own 85.23% of Halliburton's stock, showcasing significant interest from institutional stakeholders in the company.
• Equities analysts have set new price targets for Halliburton, with Citigroup lowering its target from $33 to $31, while Piper Sandler downgraded its rating to "neutral" and set a target of $25.

Aigen Investment Management LP increased its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,146 shares of the oilfield services company's stock after purchasing an additional 27,120 shares during the period. Halliburton makes up approximately 0.7% of Aigen Investment Management LP's portfolio, making the stock its 13th largest position. Aigen Investment Management LP's holdings in Halliburton were worth $4,190,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after purchasing an additional 17,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Halliburton by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock worth $4,047,000 after purchasing an additional 40,109 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Halliburton by 22.9% during the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock worth $3,256,000 after purchasing an additional 23,887 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Halliburton by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock worth $70,530,000 after purchasing an additional 67,704 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Halliburton by 754.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 824,549 shares of the oilfield services company's stock worth $20,671,000 after purchasing an additional 728,059 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on HAL shares. Piper Sandler cut shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, July 28th. UBS Group dropped their target price on shares of Halliburton from $21.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Stifel Nicolaus dropped their target price on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna dropped their target price on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Halliburton Price Performance

Shares of HAL traded up $0.19 during mid-day trading on Wednesday, reaching $21.16. 9,058,379 shares of the company's stock were exchanged, compared to its average volume of 13,848,644. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a 50-day simple moving average of $21.61 and a two-hundred day simple moving average of $22.64. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.55 and a beta of 1.12. 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 (NYSE:HAL - Get Free Report) last announced its 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 analyst estimates of $5.43 billion. During the same quarter last year, the business earned $0.80 earnings per share. Halliburton's revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. 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.