Halliburton Company $HAL Shares Bought by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Halliburton Company by 24.4%, owning 105,377 shares valued at $2,673,000 as of their latest SEC filing.
• Analysts have mixed views on Halliburton, with some lowering price targets, with averages clustering around $32.05 for the stock, which has a current rating of "Moderate Buy."
• Halliburton announced a quarterly dividend of $0.17 per share, representing an annualized payout of $0.68 and a dividend yield of 3.1%, with a payout ratio of 31.78%.

Integrated Wealth Concepts LLC grew its holdings in Halliburton Company (NYSE:HAL - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,377 shares of the oilfield services company's stock after purchasing an additional 20,702 shares during the period. Integrated Wealth Concepts LLC's holdings in Halliburton were worth $2,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HAL. Charles Schwab Investment Management Inc. lifted its stake in shares of Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after purchasing an additional 24,506,472 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Halliburton by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company's stock valued at $116,770,000 after buying an additional 3,178,746 shares during the period. Nuveen LLC purchased a new stake in shares of Halliburton in the 1st quarter valued at $72,637,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Halliburton by 121.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company's stock worth $83,879,000 after purchasing an additional 1,815,357 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of NYSE HAL traded down $0.06 during trading hours on Friday, reaching $22.25. The stock had a trading volume of 6,732,274 shares, compared to its average volume of 9,990,366. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The firm has a 50-day moving average of $21.85 and a 200-day moving average of $21.95.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) 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 return on equity of 21.45% and a net margin of 8.37%.The business's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Equities research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. Susquehanna cut their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Barclays cut their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. UBS Group increased their price objective on Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Royal Bank Of Canada dropped their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Melius began coverage on Halliburton in a report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.05.

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.