Asset Management One Co. Ltd. Acquires 17,508 Shares of Halliburton Company (NYSE:HAL)

Asset Management One Co. Ltd. lifted its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 366,206 shares of the oilfield services company's stock after purchasing an additional 17,508 shares during the period. Asset Management One Co. Ltd.'s holdings in Halliburton were worth $9,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Sanders Capital LLC grew its stake in shares of Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after buying an additional 375,054 shares during the last quarter. Geode Capital Management LLC grew its position in Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after acquiring an additional 908,271 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Amundi grew its holdings in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Halliburton in the fourth quarter worth approximately $299,986,000. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $20.58 on Friday. The firm's 50-day moving average is $20.79 and its 200 day moving average is $24.01. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 3.22 and a beta of 1.14. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $37.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. The Goldman Sachs Group cut their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus cut their price objective on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna cut their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.58.

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.

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