Halliburton Company $HAL Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Halliburton by 3.7% during Q2, owning 344,009 shares valued at $7,076,000.
• Halliburton reported earnings of $0.58 per share for the last quarter, exceeding analyst expectations of $0.50.
• The company announced a quarterly dividend of $0.17 per share, reflecting an annual yield of 2.6% and a payout ratio of 31.78%.

Ethic Inc. boosted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,009 shares of the oilfield services company's stock after buying an additional 12,412 shares during the period. Ethic Inc.'s holdings in Halliburton were worth $7,076,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Halliburton during the first quarter worth approximately $30,000. Hexagon Capital Partners LLC increased 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 acquired a new position in Halliburton during the first quarter worth approximately $37,000. Bartlett & CO. Wealth Management LLC increased its position in Halliburton by 109.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company's stock worth $39,000 after buying an additional 993 shares during the period. Finally, McIlrath & Eck LLC increased 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. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Up 4.2%

Shares of HAL stock opened at $26.30 on Thursday. The business's fifty day moving average price is $22.86 and its 200 day moving average price is $21.73. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The firm has a market capitalization of $22.42 billion, a PE ratio of 17.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.00% and a net margin of 5.91%.The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Halliburton's quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, September 3rd. Halliburton's payout ratio is presently 31.78%.

Wall Street Analyst Weigh In

Several research analysts have commented on HAL shares. Citigroup reaffirmed a "buy" rating on shares of Halliburton in a research report on Tuesday, October 14th. Barclays dropped their target price on Halliburton from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group boosted their target price on Halliburton from $23.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c-)" rating on shares of Halliburton in a report on Wednesday, October 8th. Finally, HSBC set a $30.00 target price on Halliburton and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

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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