Halliburton Company $HAL Shares Acquired by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC increased its holdings in Halliburton Company by 82.1% during the second quarter, acquiring a total of 48,900 shares worth approximately $997,000.
• Halliburton recently announced a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 2.7%.
• Analysts maintain a consensus rating of "Moderate Buy" for Halliburton, with an average target price of $31.37.

V Square Quantitative Management LLC increased its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 82.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,900 shares of the oilfield services company's stock after buying an additional 22,045 shares during the quarter. V Square Quantitative Management LLC's holdings in Halliburton were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in Halliburton during the first quarter worth about $30,000. Hexagon Capital Partners LLC lifted 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 worth $36,000 after buying an additional 656 shares during the period. Zions Bancorporation National Association UT purchased a new position in Halliburton during the first quarter worth about $37,000. Versant Capital Management Inc lifted its position in Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock worth $52,000 after buying an additional 1,827 shares during the period. Finally, McIlrath & Eck LLC lifted its position in Halliburton by 756.2% during the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company's stock worth $54,000 after buying an additional 1,883 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $25.03 on Tuesday. The company has a market cap of $21.34 billion, a P/E ratio of 11.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The business's 50-day simple moving average is $22.22 and its 200 day simple moving average is $21.82.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. On average, sell-side analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HAL shares. Susquehanna reduced their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Stifel Nicolaus cut their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. UBS Group raised their price objective on Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Melius Research initiated coverage on Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Finally, Melius initiated coverage on Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $31.37.

About Halliburton

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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