Caitong International Asset Management Co. Ltd Purchases 9,313 Shares of Halliburton Company $HAL

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its holdings in Halliburton Company by 51,738.9%, acquiring an additional 9,313 shares for a total of 9,331 shares valued at approximately $190,000.
• Halliburton’s quarterly earnings beat consensus estimates, reporting $0.58 EPS and revenue of $5.60 billion, although revenue declined 1.7% year-over-year.
• The company announced a quarterly dividend of $0.17 per share, translating to an annualized yield of 2.5% and a payout ratio of 31.78%.

Caitong International Asset Management Co. Ltd raised its position in Halliburton Company (NYSE:HAL - Free Report) by 51,738.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,331 shares of the oilfield services company's stock after acquiring an additional 9,313 shares during the period. Caitong International Asset Management Co. Ltd's holdings in Halliburton were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HAL. Charles Schwab Investment Management Inc. boosted its position in shares of Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock worth $759,623,000 after purchasing an additional 24,506,472 shares in the last quarter. AQR Capital Management LLC raised its stake in Halliburton by 217.4% in the first quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company's stock valued at $116,770,000 after buying an additional 3,178,746 shares during the last quarter. Nuveen LLC purchased a new stake in Halliburton in the first quarter valued at about $72,637,000. Pzena Investment Management LLC boosted its holdings in Halliburton by 134.7% in the second quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company's stock worth $76,100,000 after acquiring an additional 2,142,939 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Halliburton by 292.5% during the second quarter. Assenagon Asset Management S.A. now owns 2,807,084 shares of the oilfield services company's stock worth $57,208,000 after acquiring an additional 2,091,872 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Up 3.6%

NYSE:HAL opened at $27.25 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.47. The company's fifty day moving average price is $22.98 and its 200-day moving average price is $21.78. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The firm has a market capitalization of $23.23 billion, a P/E ratio of 18.04 and a beta of 1.02.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Analyst Upgrades and Downgrades

HAL has been the subject of several research analyst reports. HSBC set a $30.00 price objective on shares of Halliburton and gave the company a "buy" rating in a research report on Wednesday. Hsbc Global Res raised shares of Halliburton from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Royal Bank Of Canada raised shares of Halliburton from a "hold" rating to a "moderate buy" rating in a report on Wednesday. Weiss Ratings reissued a "hold (c-)" rating on shares of Halliburton in a research report on Wednesday, October 8th. Finally, Piper Sandler raised their target price on Halliburton from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.

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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