Credit Agricole S A Has $9.65 Million Position in Halliburton Company $HAL

Key Points

• Credit Agricole S A increased its holdings in Halliburton Company by 3.6%, now owning approximately 380,338 shares valued at $9.65 million.
• Halliburton's recent earnings report showed an earnings per share (EPS) of $0.55, matching analyst expectations, but a 5.5% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.17 per share, reflecting a dividend yield of 3.2%.

Credit Agricole S A grew its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,338 shares of the oilfield services company's stock after buying an additional 13,323 shares during the quarter. Credit Agricole S A's holdings in Halliburton were worth $9,649,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Halliburton by 450.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after acquiring an additional 24,506,472 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Halliburton by 15.6% in the fourth 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 in the last quarter. Invesco Ltd. increased its position in shares of Halliburton by 7.3% during the 1st quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company's stock worth $274,349,000 after purchasing an additional 731,105 shares during the last quarter. Northern Trust Corp increased its position in shares of Halliburton by 16.2% during the 4th quarter. Northern Trust Corp now owns 9,184,850 shares of the oilfield services company's stock worth $249,736,000 after purchasing an additional 1,283,094 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of Halliburton by 3.3% during the 1st quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company's stock worth $155,088,000 after purchasing an additional 193,022 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Up 0.7%

Halliburton stock opened at $21.2450 on Friday. The company's 50-day moving average price is $21.63 and its two-hundred day moving average price is $22.42. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $18.11 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.69 and a beta of 1.12. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.2%. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Analysts Set New Price Targets

Several research firms recently weighed in on HAL. Melius Research assumed coverage on shares of Halliburton in a research note on Wednesday. They issued a "buy" rating and a $41.00 target price for the company. Royal Bank Of Canada decreased their price objective on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Piper Sandler downgraded shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price for the company. in a research note on Monday, July 28th. Finally, Morgan Stanley lowered their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.05.

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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