Cwm LLC Has $4.77 Million Position in Halliburton Company $HAL

Key Points

• Cwm LLC increased its holdings in Halliburton by 178.9% during Q2, totaling 234,049 shares valued at $4.77 million.
• Institutional investors now own 85.23% of Halliburton's stock, indicating significant institutional interest in the company.
• Halliburton reported $0.55 EPS for the latest quarter, matching analysts' estimates, with a revenue of $5.51 billion, slightly above expectations.

Cwm LLC grew its holdings in Halliburton Company (NYSE:HAL - Free Report) by 178.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234,049 shares of the oilfield services company's stock after purchasing an additional 150,120 shares during the quarter. Cwm LLC's holdings in Halliburton were worth $4,770,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock worth $759,623,000 after buying an additional 24,506,472 shares in the last quarter. Invesco Ltd. grew its position in Halliburton by 7.3% during the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company's stock worth $274,349,000 after buying an additional 731,105 shares in the last quarter. LSV Asset Management grew its position in Halliburton by 3.3% during the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company's stock worth $155,088,000 after buying an additional 193,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company's stock worth $133,949,000 after buying an additional 282,492 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Halliburton by 217.4% during the first quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company's stock worth $116,770,000 after buying an additional 3,178,746 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

NYSE:HAL opened at $21.82 on Friday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The firm has a 50 day moving average of $22.61 and a 200-day moving average of $21.71. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $18.60 billion, a P/E ratio of 10.20 and a beta of 1.02.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 quarter in the previous year, the company posted $0.80 earnings per share. Halliburton's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's payout ratio is 31.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HAL shares. Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price on the stock. in a research report on Monday, July 28th. Zephirin Group lifted their target price on Halliburton from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Melius Research began coverage on Halliburton in a report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective on the stock. Stifel Nicolaus decreased their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Halliburton in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and an average target price of $30.61.

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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