Banco Bilbao Vizcaya Argentaria S.A. Boosts Stake in Halliburton Company $HAL

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. significantly increased its stake in Halliburton by 527.9% in Q1, owning 130,104 shares valued at approximately $3.3 million.
• Several analysts have revised their price targets for Halliburton, with consensus estimates currently suggesting a rating of "Moderate Buy" and a price target of $32.05.
• Halliburton recently announced a quarterly dividend of $0.17 per share, reflecting a 3.2% dividend yield with a payout ratio of 31.78%.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 527.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,104 shares of the oilfield services company's stock after buying an additional 109,384 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Halliburton were worth $3,296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Mascagni Wealth Management Inc. bought a new position in shares of Halliburton during the 4th quarter valued at $28,000. Stone House Investment Management LLC bought a new position in shares of Halliburton during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC grew its holdings 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 valued at $36,000 after purchasing an additional 656 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Halliburton during the 1st quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Halliburton during the 4th quarter valued at $39,000. Institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Citigroup reduced their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Piper Sandler lowered 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. Wells Fargo & Company cut their price target on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Melius Research assumed coverage on shares of Halliburton in a report on Wednesday. They issued a "buy" rating and a $41.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

Halliburton Trading Up 0.7%

Shares of HAL opened at $21.2450 on Friday. The firm's 50-day moving average price is $21.63 and its 200-day moving average price is $22.42. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 3.69 and a beta of 1.12. 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 Company has a 1-year low of $18.72 and a 1-year high of $32.57.

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 for the quarter, meeting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. Sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

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

About Halliburton

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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