Energy Income Partners LLC Buys 122,519 Shares of Halliburton Company $HAL

Key Points

• Energy Income Partners LLC has increased its stake in Halliburton Company by 28.4%, owning a total of 554,372 shares valued at approximately $14.06 million.
• Several institutional investors, including Charles Schwab Investment Management and Deutsche Bank AG, have significantly increased their holdings in Halliburton, reflecting a strong institutional interest in the company.
• Halliburton recently reported $0.55 EPS for the quarter, matching analysts' expectations, while also declaring a quarterly dividend of $0.17, resulting in an annualized yield of 3.0%.

Energy Income Partners LLC increased its position in Halliburton Company (NYSE:HAL - Free Report) by 28.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 554,372 shares of the oilfield services company's stock after purchasing an additional 122,519 shares during the quarter. Energy Income Partners LLC owned approximately 0.06% of Halliburton worth $14,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC lifted its position in Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after purchasing an additional 17,094 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Halliburton by 42.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company's stock valued at $7,816,000 after acquiring an additional 91,791 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Halliburton by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after acquiring an additional 40,109 shares during the period. Concurrent Investment Advisors LLC grew its position in Halliburton by 22.9% in the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock valued at $3,256,000 after acquiring an additional 23,887 shares during the period. Finally, Principal Financial Group Inc. grew its position in Halliburton by 2.5% in the first quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock valued at $70,530,000 after acquiring an additional 67,704 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Down 4.8%

Shares of NYSE:HAL traded down $1.09 during midday trading on Wednesday, hitting $21.61. The company had a trading volume of 12,583,002 shares, compared to its average volume of 9,720,602. The company has a current ratio of 2.00, a quick ratio of 1.47 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 has a fifty day simple moving average of $21.67 and a 200 day simple moving average of $22.19. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 10.10 and a beta of 1.10.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is currently 31.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAL. UBS Group upped their price target on Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Susquehanna decreased their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Stifel Nicolaus lowered their price objective on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley dropped their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Barclays decreased their price target on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.