Banco Santander S.A. Has $12.20 Million Stock Holdings in Halliburton Company (NYSE:HAL)

Key Points

• Banco Santander S.A. has reduced its stake in Halliburton Company by 5.6%, now holding approximately 480,705 shares valued at about $12.2 million.
• Analysts have adjusted their price targets for Halliburton, with a consensus price target of $31.00 as eight analysts rated the stock a hold and twelve a buy.
• Halliburton reported $5.51 billion in revenue for its latest quarter, slightly above expectations, but its quarterly earnings per share (EPS) decreased to $0.55 compared to $0.80 the previous year.

Banco Santander S.A. lessened its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 480,705 shares of the oilfield services company's stock after selling 28,591 shares during the period. Banco Santander S.A. owned about 0.06% of Halliburton worth $12,195,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Halliburton by 178.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 42,721 shares of the oilfield services company's stock valued at $1,083,000 after acquiring an additional 27,399 shares during the period. LSV Asset Management grew its position in Halliburton by 3.3% during the 1st quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company's stock worth $155,088,000 after purchasing an additional 193,022 shares in the last quarter. US Bancorp DE raised its stake in Halliburton by 6.2% during the 1st quarter. US Bancorp DE now owns 167,314 shares of the oilfield services company's stock valued at $4,245,000 after purchasing an additional 9,812 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of Halliburton by 18.8% in the first quarter. Baader Bank Aktiengesellschaft now owns 19,162 shares of the oilfield services company's stock valued at $480,000 after purchasing an additional 3,028 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Halliburton by 316.0% in the first quarter. Arkadios Wealth Advisors now owns 38,649 shares of the oilfield services company's stock worth $981,000 after buying an additional 29,359 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

HAL traded up $0.09 on Monday, hitting $21.69. The company had a trading volume of 12,082,509 shares, compared to its average volume of 16,428,982. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12. 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 company's fifty day moving average price is $21.45 and its 200 day moving average price is $22.98. 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 issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $5.43 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Halliburton's revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's dividend payout ratio is presently 31.78%.

Analysts Set New Price Targets

HAL has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group reduced their price target 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 decreased their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada dropped their price objective on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group decreased their target price on shares of Halliburton from $21.00 to $20.00 and set a "neutral" 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

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.