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Charles Schwab Investment Management Inc. Has $759.62 Million Stake in Halliburton Company (NYSE:HAL)

Halliburton logo with Energy background

Key Points

  • Charles Schwab Investment Management Inc. significantly increased its stake in Halliburton Company by 450.9%, owning nearly 30 million shares worth approximately $759.6 million.
  • Halliburton reported a quarterly revenue of $5.51 billion, slightly exceeding analyst estimates, but experienced a year-over-year earnings decline of 5.5%.
  • The company announced a quarterly dividend of $0.17 per share, with a current dividend yield of 3.3% and a payout ratio of 31.78%.
  • Looking to Export and Analyze Halliburton Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Charles Schwab Investment Management Inc. lifted its stake in Halliburton Company (NYSE:HAL - Free Report) by 450.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,941,771 shares of the oilfield services company's stock after purchasing an additional 24,506,472 shares during the period. Charles Schwab Investment Management Inc. owned 3.48% of Halliburton worth $759,623,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HAL. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after purchasing an additional 2,171,722 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Halliburton by 121.8% during the first quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company's stock worth $83,879,000 after buying an additional 1,815,357 shares during the last quarter. Twinbeech Capital LP lifted its holdings in Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after buying an additional 1,550,920 shares during the period. Freestone Grove Partners LP bought a new position in Halliburton in the fourth quarter valued at approximately $41,484,000. Finally, Deutsche Bank AG grew its holdings in Halliburton by 38.2% during the 4th quarter. Deutsche Bank AG now owns 5,356,849 shares of the oilfield services company's stock worth $145,653,000 after acquiring an additional 1,481,110 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $20.88 on Friday. The company has a fifty day moving average price of $21.56 and a 200 day moving average price of $22.84. The firm has a market cap of $17.80 billion, a PE ratio of 9.76, a PEG ratio of 3.67 and a beta of 1.12. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts' consensus estimates of $0.55. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Research analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HAL. Morgan Stanley cut their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays reduced their target price on Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price objective 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average target price of $31.00.

Check Out Our Latest Report on Halliburton

Halliburton Profile

(Free Report)

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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