Caisse DE Depot ET Placement DU Quebec Purchases 642,161 Shares of Halliburton Company $HAL

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Halliburton Company by 84.5% during the first quarter, holding approximately 1.4 million shares valued at $35.57 million.
• Halliburton reported earnings per share of $0.55 for the latest quarter, meeting analysts' estimates, but showed a 5.5% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.17 per share, yielding 3.1%, with a payout ratio of 31.78%.

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 84.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,401,845 shares of the oilfield services company's stock after acquiring an additional 642,161 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of Halliburton worth $35,565,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. ORG Partners LLC lifted its stake in Halliburton by 13,675.2% during the 1st quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock valued at $440,000 after acquiring an additional 17,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock worth $4,047,000 after purchasing an additional 40,109 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company's stock worth $7,816,000 after purchasing an additional 91,791 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Halliburton by 22.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock worth $3,256,000 after purchasing an additional 23,887 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Halliburton by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock worth $70,530,000 after purchasing an additional 67,704 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

HAL stock traded up $0.12 during mid-day trading on Friday, reaching $22.75. 8,055,025 shares of the company traded hands, compared to its average volume of 10,869,539. 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 has a market capitalization of $19.40 billion, a P/E ratio of 10.63, a P/E/G ratio of 3.98 and a beta of 1.12. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a fifty day moving average price of $21.59 and a 200-day moving average price of $22.24.

Halliburton (NYSE:HAL - Get Free Report) last posted 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. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.0%. Halliburton's payout ratio is presently 31.78%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HAL shares. UBS Group lifted their target price on Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Susquehanna lowered their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus lowered their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Melius began coverage on Halliburton in a research note on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Finally, Barclays lowered their price objective on Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.05.

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.