Candriam S.C.A. Has $1.13 Million Stock Position in Halliburton Company $HAL

Key Points

• Candriam S.C.A. reduced its stock position in Halliburton Company by 36%, owning 44,635 shares valued at approximately $1.13 million by the end of the reporting period.
• Halliburton's shares recently saw an increase of 4.6%, and the company reported earnings of $0.55 per share, meeting analysts' expectations despite a 5.5% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.17 per share, offering a yield of 3.1% with a payout ratio of 31.78%.

Candriam S.C.A. reduced its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,635 shares of the oilfield services company's stock after selling 25,145 shares during the quarter. Candriam S.C.A.'s holdings in Halliburton were worth $1,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. bought a new stake in Halliburton in the fourth quarter worth approximately $28,000. Stone House Investment Management LLC bought a new stake in Halliburton in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC increased its holdings in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after purchasing an additional 656 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Halliburton in the first quarter worth approximately $37,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $39,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Up 4.6%

Shares of NYSE:HAL opened at $22.2550 on Friday. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 3.90 and a beta of 1.12. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The business's 50 day moving average is $21.61 and its 200 day moving average is $22.36.

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 (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.Halliburton's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, sell-side analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley reduced their price target on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. UBS Group lifted their price target on shares of Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday. Susquehanna reduced their price target on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $32.05.

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.

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