Halliburton Company (NYSE:HAL) Stock Holdings Cut by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Halliburton Company (NYSE:HAL - Free Report) by 51.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,392 shares of the oilfield services company's stock after selling 97,290 shares during the quarter. Allianz Asset Management GmbH's holdings in Halliburton were worth $2,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HAL. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at about $28,000. Hexagon Capital Partners LLC raised its holdings in shares of Halliburton by 87.4% in the first 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. acquired a new position in Halliburton in the 4th quarter valued at $39,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 1,827 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Halliburton in the first quarter valued at $57,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Performance

NYSE:HAL traded down $0.86 during trading hours on Friday, reaching $21.54. 18,937,949 shares of the stock were exchanged, compared to its average volume of 15,480,954. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The firm has a 50 day simple moving average of $21.41 and a 200-day simple moving average of $23.11. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.81. The stock has a market capitalization of $18.37 billion, a P/E ratio of 10.07, a P/E/G ratio of 3.88 and a beta of 1.12.

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 for the quarter, hitting analysts' consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. As a group, sell-side analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Wall Street Analyst Weigh In

HAL has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped their target price on Halliburton from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group dropped their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citigroup dropped their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.00.

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.