Empowered Funds LLC Has $10.14 Million Stake in Halliburton Company $HAL

Key Points

• Empowered Funds LLC increased its stake in Halliburton by 26% to a total of 399,634 shares, valued at approximately $10.14 million according to its latest SEC filing.
• Halliburton recently reported earnings per share of $0.55 for the quarter, matching analyst expectations, with a revenue of $5.51 billion, which was higher than the consensus estimate.
• The company has declared a quarterly dividend of $0.17 per share, translating to an annualized dividend of $0.68 and a dividend yield of 3.1%.

Empowered Funds LLC raised its stake in Halliburton Company (NYSE:HAL - Free Report) by 26.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 399,634 shares of the oilfield services company's stock after acquiring an additional 82,446 shares during the quarter. Empowered Funds LLC's holdings in Halliburton were worth $10,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new position in shares of Halliburton in the fourth quarter worth about $28,000. Stone House Investment Management LLC bought a new position in shares of Halliburton in the first quarter worth about $30,000. Hexagon Capital Partners LLC lifted its holdings in shares of Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after acquiring an additional 656 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Halliburton in the first quarter worth about $37,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Halliburton in the fourth quarter worth about $39,000. Institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HAL. Barclays dropped their target price 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. 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 report on Monday, July 28th. Morgan Stanley dropped their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Melius Research assumed coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.05.

Halliburton Trading Down 0.3%

Halliburton stock traded down $0.06 during mid-day trading on Friday, hitting $22.25. 6,732,274 shares of the stock were exchanged, compared to its average volume of 9,990,366. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57. The firm's fifty day simple moving average is $21.85 and its two-hundred day simple moving average is $21.98. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $5.43 billion. During the same quarter last year, the business earned $0.80 EPS. The company's revenue was down 5.5% compared to the same quarter last year. Analysts forecast that Halliburton Company will post 2.64 EPS for the current 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. 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.