Halliburton Company $HAL Shares Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Halliburton by 115.7% in Q2, acquiring an additional 15,222 shares, bringing its total to 28,374 shares valued at $578,000.
• Halliburton reported earnings of $0.55 per share for the last quarter, meeting analysts' expectations, with revenue of $5.51 billion, down 5.5% year-over-year.
• The company announced a quarterly dividend of $0.17 per share, representing a 3.0% yield and a payout ratio of 31.78%.

Callan Family Office LLC boosted its holdings in Halliburton Company (NYSE:HAL - Free Report) by 115.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,374 shares of the oilfield services company's stock after acquiring an additional 15,222 shares during the quarter. Callan Family Office LLC's holdings in Halliburton were worth $578,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HAL. Stone House Investment Management LLC acquired a new stake in Halliburton in the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC increased 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 acquiring an additional 656 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Halliburton in the 1st quarter valued at approximately $37,000. Bartlett & CO. Wealth Management LLC increased its position in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company's stock valued at $39,000 after acquiring an additional 993 shares during the period. Finally, McIlrath & Eck LLC increased its position in Halliburton by 756.2% in the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company's stock valued at $54,000 after acquiring an additional 1,883 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of Halliburton stock opened at $22.43 on Wednesday. The stock has a market cap of $19.13 billion, a PE ratio of 10.48 and a beta of 1.02. The business has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $21.73. 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 Company has a 12 month low of $18.72 and a 12 month high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data 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 for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. On average, sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is 31.78%.

Wall Street Analyst Weigh In

HAL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Halliburton from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Halliburton in a research report on Wednesday, October 8th. Zephirin Group lifted their price target on Halliburton from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Susquehanna lowered their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.61.

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.