Quantbot Technologies LP Purchases 122,971 Shares of Halliburton Company $HAL

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Quantbot Technologies LP grew its position in Halliburton Company (NYSE:HAL - Free Report) by 167.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,561 shares of the oilfield services company's stock after purchasing an additional 122,971 shares during the period. Quantbot Technologies LP's holdings in Halliburton were worth $4,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. ORG Partners LLC grew its stake in Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after buying an additional 17,094 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after buying an additional 40,109 shares during the period. Concurrent Investment Advisors LLC lifted its position in Halliburton by 22.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock worth $3,256,000 after acquiring an additional 23,887 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Halliburton by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock worth $70,530,000 after acquiring an additional 67,704 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Halliburton by 754.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 824,549 shares of the oilfield services company's stock valued at $20,671,000 after acquiring an additional 728,059 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on HAL shares. UBS Group boosted their price objective on shares of Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday. Royal Bank Of Canada cut their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Barclays reduced their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. The Goldman Sachs Group lowered their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Melius Research started coverage on shares of Halliburton in a report on Wednesday. They issued a "buy" rating and a $41.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.05.

Halliburton Price Performance

HAL traded up $0.9750 during trading on Friday, reaching $22.2550. The 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 firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 3.72 and a beta of 1.12. The stock has a 50 day moving average of $21.61 and a two-hundred day moving average of $22.39. 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 announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts' consensus estimates of $0.55. The company had revenue of $5.51 billion during 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio is currently 31.78%.

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.