Dimensional Fund Advisors LP Reduces Stake in Halliburton Company $HAL

Dimensional Fund Advisors LP lowered its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,426,847 shares of the oilfield services company's stock after selling 62,087 shares during the period. Dimensional Fund Advisors LP owned 1.10% of Halliburton worth $239,131,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HAL. Mascagni Wealth Management Inc. purchased a new stake in Halliburton in the 4th quarter worth about $28,000. Stone House Investment Management LLC bought a new position in Halliburton during the first quarter worth about $30,000. Hexagon Capital Partners LLC boosted its position in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after purchasing an additional 656 shares during the period. Vermillion Wealth Management Inc. purchased a new position in shares of Halliburton in the fourth quarter worth about $39,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Halliburton in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several analyst reports. Barclays cut their price objective on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Citigroup cut their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Susquehanna decreased their price objective on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Piper Sandler cut Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a report on Monday, July 28th. Finally, Morgan Stanley reduced their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

Halliburton Stock Down 1.0%

HAL opened at $21.13 on Monday. The business's fifty day simple moving average is $21.67 and its 200 day simple moving average is $22.50. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. 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 $18.02 billion, a PE ratio of 9.87, a P/E/G ratio of 3.69 and a beta of 1.12.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS 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 revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. As a group, research analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

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

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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