Caxton Associates LLP Buys Shares of 20,760 Halliburton Company $HAL

Key Points

• Caxton Associates LLP has acquired a new stake in Halliburton Company, purchasing 20,760 shares valued at approximately $527,000 during the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for Halliburton, with an average price target of $32.05 despite mixed ratings from several firms.
• The company recently announced a quarterly dividend of $0.17 per share, which translates to an annualized yield of 3.0%.

Caxton Associates LLP bought a new stake in Halliburton Company (NYSE:HAL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,760 shares of the oilfield services company's stock, valued at approximately $527,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HAL. Baird Financial Group Inc. boosted its holdings in Halliburton by 30.9% in the 4th quarter. Baird Financial Group Inc. now owns 19,255 shares of the oilfield services company's stock valued at $524,000 after purchasing an additional 4,549 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Halliburton by 14.7% in the 4th quarter. Captrust Financial Advisors now owns 49,817 shares of the oilfield services company's stock valued at $1,355,000 after purchasing an additional 6,383 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Halliburton by 26.6% in the 4th quarter. Cetera Investment Advisers now owns 128,118 shares of the oilfield services company's stock valued at $3,484,000 after purchasing an additional 26,939 shares during the last quarter. Focus Partners Wealth boosted its holdings in Halliburton by 74.6% in the 4th quarter. Focus Partners Wealth now owns 41,637 shares of the oilfield services company's stock valued at $1,141,000 after purchasing an additional 17,789 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Halliburton in the 4th quarter valued at about $447,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Stifel Nicolaus reduced their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada reduced their price target 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. Wells Fargo & Company reduced their price target on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Piper Sandler downgraded shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target on the stock. in a research note on Monday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $32.05.

Halliburton Price Performance

Shares of HAL opened at $22.34 on Friday. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The firm's 50 day moving average price is $21.84 and its 200 day moving average price is $22.01. The company has a market cap of $19.05 billion, a P/E ratio of 10.44 and a beta of 1.10. 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 (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the firm earned $0.80 EPS. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio is presently 31.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.