Amundi Has $287.18 Million Holdings in Halliburton Company $HAL

Key Points

• Amundi has reduced its stake in Halliburton Company by 13.4%, now owning approximately 11.32 million shares valued at $287.18 million.
• Halliburton's stock recently declined by 4.8%, with a current price of $21.61 and a market capitalization of $18.42 billion.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 3.1%.

Amundi cut its stake in Halliburton Company (NYSE:HAL - Free Report) by 13.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,319,702 shares of the oilfield services company's stock after selling 1,748,323 shares during the period. Amundi owned approximately 1.32% of Halliburton worth $287,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in Halliburton in the 4th quarter worth $28,000. Stone House Investment Management LLC acquired a new position in shares of Halliburton during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC boosted its stake in shares of 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 buying an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $39,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Halliburton during the 1st quarter worth about $37,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Susquehanna lowered their price target on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Barclays lowered 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. UBS Group increased their price target on shares of Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Piper Sandler cut shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Monday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.05.

Halliburton Price Performance

HAL traded down $0.35 during trading on Monday, hitting $21.76. 13,245,884 shares of the stock traded hands, compared to its average volume of 13,494,112. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 10.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The business has a 50 day moving average price of $21.76 and a 200 day moving average price of $22.07.

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

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. 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 payout ratio is 31.78%.

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.