Generali Asset Management SPA SGR Purchases 19,096 Shares of Halliburton Company $HAL

Key Points

• Generali Asset Management SPA SGR increased its holdings in Halliburton Company by 9.8%, acquiring an additional 19,096 shares in the second quarter, bringing its total ownership to 214,400 shares.
• Halliburton reported $0.55 earnings per share for the recent quarter, meeting analysts' expectations, but its revenue decreased by 5.5% compared to the same quarter last year.
• The company also declared a quarterly dividend of $0.17, resulting in an annualized dividend of $0.68 and a dividend yield of 3.0%.

Generali Asset Management SPA SGR lifted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,400 shares of the oilfield services company's stock after acquiring an additional 19,096 shares during the period. Generali Asset Management SPA SGR's holdings in Halliburton were worth $4,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. GAMMA Investing LLC increased its position in shares of Halliburton by 33.6% during the first quarter. GAMMA Investing LLC now owns 11,619 shares of the oilfield services company's stock valued at $295,000 after acquiring an additional 2,925 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Halliburton by 33.6% during 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 in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Halliburton by 67.2% during the first quarter. Exchange Traded Concepts LLC now owns 27,374 shares of the oilfield services company's stock valued at $694,000 after acquiring an additional 10,998 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Halliburton by 5.5% during the first quarter. Sowell Financial Services LLC now owns 24,036 shares of the oilfield services company's stock valued at $610,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Chicago Capital LLC bought a new stake in Halliburton in the 1st quarter worth approximately $212,000. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 0.4%

Shares of HAL stock opened at $22.36 on Thursday. 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 stock has a market capitalization of $19.06 billion, a P/E ratio of 10.45 and a beta of 1.02. The company has a 50 day moving average price of $22.59 and a 200 day moving average price of $21.73. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. Equities research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued 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 3.0%. Halliburton's payout ratio is 31.78%.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Halliburton in a research report on Tuesday. Barclays cut their target price on shares of Halliburton from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday. Stifel Nicolaus cut their target price 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. Zephirin Group lifted their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Halliburton in a research note on Wednesday, October 8th. Thirteen 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, the company presently has an average rating of "Moderate Buy" and an average target price of $30.61.

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.

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