Groupama Asset Managment Purchases 171,603 Shares of Halliburton Company $HAL

Key Points

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Groupama Asset Managment boosted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,394,397 shares of the oilfield services company's stock after acquiring an additional 171,603 shares during the quarter. Groupama Asset Managment owned 0.16% of Halliburton worth $34,958,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new stake in shares of Halliburton during the 4th quarter valued at about $28,000. Stone House Investment Management LLC purchased a new position in shares of Halliburton in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC grew 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 valued at $36,000 after buying an additional 656 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Halliburton during the first quarter valued at approximately $37,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Halliburton during the fourth quarter valued at approximately $39,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAL. Royal Bank Of Canada dropped their price target on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Piper Sandler lowered Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Monday, July 28th. Barclays reduced their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Finally, Morgan Stanley lowered their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.05.

Halliburton Price Performance

NYSE HAL traded up $0.9750 during trading hours on Friday, reaching $22.2550. The company's stock had a trading volume of 12,617,447 shares, compared to its average volume of 12,239,343. Halliburton Company has a 1 year low of $18.72 and a 1 year 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 company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 3.90 and a beta of 1.12. The firm's 50-day moving average price is $21.61 and its 200-day moving average price is $22.36.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $5.43 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 3.1%. Halliburton's payout ratio is presently 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.