Banque Pictet & Cie SA Acquires 15,122 Shares of Halliburton Company (NYSE:HAL)

Banque Pictet & Cie SA increased its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,884 shares of the oilfield services company's stock after purchasing an additional 15,122 shares during the quarter. Banque Pictet & Cie SA's holdings in Halliburton were worth $1,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HAL. Blume Capital Management Inc. boosted its stake in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Halliburton by 0.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after acquiring an additional 484 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Halliburton by 1.2% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock valued at $1,161,000 after acquiring an additional 505 shares during the last quarter. Fayez Sarofim & Co boosted its stake in Halliburton by 3.1% in the fourth quarter. Fayez Sarofim & Co now owns 17,060 shares of the oilfield services company's stock valued at $464,000 after acquiring an additional 520 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Halliburton by 1.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 36,612 shares of the oilfield services company's stock valued at $995,000 after acquiring an additional 573 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 4.1%

NYSE HAL traded up $0.90 during trading on Friday, hitting $23.06. The company had a trading volume of 20,170,398 shares, compared to its average volume of 11,565,691. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. Halliburton Company has a one year low of $18.72 and a one year high of $37.08. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13. The company's fifty day moving average is $20.99 and its 200-day moving average is $23.57.

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

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 2.95%. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 2nd. Susquehanna decreased their target price on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group decreased their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Wells Fargo & Company increased 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. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $33.53.

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.