Commerzbank Aktiengesellschaft FI Buys Shares of 127,336 Halliburton Company $HAL

Key Points

• Commerzbank Aktiengesellschaft FI purchased 127,336 shares of Halliburton Company, valued at approximately $2.6 million, as reported in their recent Form 13F filing.
• Halliburton has a 50-day moving average of $22.52 and reported quarterly earnings of $0.55 per share, meeting analysts' expectations.
• The company announced a dividend of $0.17 per share, amounting to an annualized dividend yield of 2.9%.

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 127,336 shares of the oilfield services company's stock, valued at approximately $2,595,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC increased 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 buying an additional 17,094 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Halliburton during the 2nd quarter valued at about $287,000. V Square Quantitative Management LLC increased its stake in Halliburton by 82.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company's stock valued at $997,000 after buying an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in 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 valued at $7,816,000 after buying an additional 91,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in 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 valued at $4,047,000 after buying an additional 40,109 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of HAL opened at $23.42 on Friday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The company has a 50-day moving average of $22.52 and a two-hundred day moving average of $21.82. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 10.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS 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 company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period last year, the company posted $0.80 earnings per share. The business's revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on HAL shares. UBS Group raised their target price on shares of Halliburton from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday. Susquehanna reduced their price objective 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. Stifel Nicolaus reduced their price objective on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Melius Research began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective for the company. Finally, Melius began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective for the company. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.95.

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.

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