AlphaQuest LLC Has $2.75 Million Stock Holdings in Halliburton Company $HAL

Key Points

• AlphaQuest LLC significantly increased its investments in Halliburton Company by 94.6%, bringing its total holdings to 108,301 shares valued at approximately $2.75 million.
• The company reported a net margin of 8.37% and a return on equity of 21.45% for its recent quarter, despite experiencing a revenue decline of 5.5% year-on-year.
• Analysts have varying price targets for Halliburton's stock, with a consensus target price of $32.05 and a notable "buy" rating from several firms.

AlphaQuest LLC boosted its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 94.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 108,301 shares of the oilfield services company's stock after acquiring an additional 52,662 shares during the period. AlphaQuest LLC's holdings in Halliburton were worth $2,748,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its holdings in Halliburton by 13,675.2% during the 1st quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after acquiring an additional 17,094 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Up 0.7%

Shares of HAL stock opened at $21.2450 on Friday. The firm has a market capitalization of $18.11 billion, a P/E ratio of 9.93, a PEG ratio of 3.69 and a beta of 1.12. The firm's fifty day moving average price is $21.63 and its two-hundred day moving average price is $22.42. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. Halliburton's payout ratio is currently 31.78%.

Analysts Set New Price Targets

HAL has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Citigroup reduced their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Melius Research started coverage on shares of Halliburton in a research report on Wednesday. They issued a "buy" rating and a $41.00 price objective on the stock. Finally, Barclays cut their price objective on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.05.

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.