Guinness Asset Management LTD trimmed its position in Halliburton Company (NYSE:HAL - Free Report) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,291 shares of the oilfield services company's stock after selling 61,482 shares during the period. Guinness Asset Management LTD's holdings in Halliburton were worth $6,228,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Mascagni Wealth Management Inc. purchased a new position in Halliburton in the 4th quarter valued at $28,000. Stone House Investment Management LLC purchased a new position in Halliburton in the 1st quarter valued at $30,000. Hexagon Capital Partners LLC grew its position in Halliburton by 87.4% in the 1st 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 last quarter. Zions Bancorporation National Association UT purchased a new position in Halliburton in the 1st quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Halliburton in the 4th quarter valued at $39,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Price Performance
NYSE:HAL traded up $0.40 during trading hours on Wednesday, hitting $22.82. 4,188,714 shares of the company's stock traded hands, compared to its average volume of 13,332,132. The firm has a market cap of $19.46 billion, a P/E ratio of 10.67 and a beta of 1.10. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The business's fifty day simple moving average is $21.87 and its two-hundred day simple moving average is $21.89. 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 (NYSE:HAL - Get Free Report) last posted 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. The company had revenue of $5.51 billion during 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 firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. On average, research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Announces Dividend
The company 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 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 yield of 3.0%. Halliburton's payout ratio is 31.78%.
Analyst Upgrades and Downgrades
A number of research firms have commented on HAL. Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, July 28th. Barclays reduced their target price on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. UBS Group raised their target price on Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Stifel Nicolaus reduced their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna reduced their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.
View Our Latest Analysis on Halliburton
Halliburton Profile
(
Free Report)
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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