Concurrent Investment Advisors LLC Has $3.16 Million Holdings in Halliburton Company $HAL

Key Points

• Concurrent Investment Advisors LLC increased its holdings in Halliburton by 20.8%, owning 155,057 shares valued at $3.16 million after acquiring an additional 26,706 shares.
• Halliburton reported a $0.55 EPS for the latest quarter, meeting expectations, with a net margin of 8.37% and a revenue of $5.51 billion.
• The company announced a quarterly dividend of $0.17 per share, translating to an annualized dividend of $0.68 and a yield of 3.0%.

Concurrent Investment Advisors LLC increased its holdings in Halliburton Company (NYSE:HAL - Free Report) by 20.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,057 shares of the oilfield services company's stock after purchasing an additional 26,706 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Halliburton were worth $3,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. ORG Partners LLC raised its holdings in shares of Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock valued at $440,000 after purchasing an additional 17,094 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Halliburton during the second quarter valued at about $287,000. V Square Quantitative Management LLC raised its holdings in shares of Halliburton by 82.1% during the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company's stock valued at $997,000 after purchasing an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Halliburton by 42.4% during the first 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 purchasing an additional 91,791 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of Halliburton by 29.7% in the 2nd quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company's stock worth $22,050,000 after acquiring an additional 248,015 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 2.5%

Shares of NYSE:HAL opened at $22.51 on Tuesday. The firm has a fifty day moving average price of $22.55 and a two-hundred day moving average price of $21.72. 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 Company has a one year low of $18.72 and a one year high of $32.57. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 10.52 and a beta of 1.02.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $5.43 billion. During the same period last year, the firm earned $0.80 EPS. The business's quarterly revenue was down 5.5% compared to the same quarter last year. Analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton's payout ratio is currently 31.78%.

Analysts Set New Price Targets

HAL has been the topic of a number of analyst reports. Melius Research initiated coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Halliburton from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, October 7th. Wells Fargo & Company decreased their price objective on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Piper Sandler lowered shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research note on Monday, July 28th. Finally, Stifel Nicolaus decreased their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.72.

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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