CW Advisors LLC Buys New Position in Halliburton Company $HAL

Key Points

• CW Advisors LLC acquired 16,754 shares of Halliburton Company valued at approximately $427,000, marking a significant position for the first quarter.
• Halliburton announced a quarterly dividend of $0.17 per share, representing a **3.0% yield**, scheduled for payment on September 24th.
• Despite a 5.5% decline in quarterly revenue year-over-year, Halliburton met earnings expectations with **earnings per share of $0.55** for the recent quarter.

CW Advisors LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,754 shares of the oilfield services company's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also modified their holdings of HAL. Charles Schwab Investment Management Inc. boosted its stake in Halliburton by 450.9% in the 1st 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 buying an additional 24,506,472 shares in the last quarter. Nuveen LLC acquired a new stake in Halliburton in the 1st quarter valued at $72,637,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 buying an additional 2,171,722 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Halliburton by 121.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company's stock valued at $83,879,000 after buying an additional 1,815,357 shares in the last quarter. Finally, Twinbeech Capital LP boosted its stake in Halliburton by 314.1% in the 4th 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 in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HAL shares. Royal Bank Of Canada reduced their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus reduced their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Piper Sandler lowered Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a research note on Monday, July 28th. Finally, Melius assumed coverage on Halliburton in a research note on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $32.05.

Halliburton Trading Up 0.5%

NYSE:HAL traded up $0.12 during mid-day trading on Monday, hitting $22.75. The company had a trading volume of 8,055,025 shares, compared to its average volume of 10,324,742. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The business's fifty day moving average is $21.59 and its two-hundred day moving average is $22.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. The firm has a market cap of $19.40 billion, a P/E ratio of 10.63 and a beta of 1.10.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. As a group, research analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given 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 3.0%. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Halliburton Company 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.