BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 91,791 Shares of Halliburton Company $HAL

Key Points

• BNP Paribas Asset Management Holding S.A. increased its holdings in Halliburton by 42.4% in Q1, owning 308,099 shares valued at approximately $7.8 million.
• Several institutional investors significantly boosted their stakes in Halliburton, with the majority of the stock (85.23%) now owned by institutional investors and hedge funds.
• Halliburton's latest earnings report showed EPS of $0.55, matching estimates but down from $0.80 in the prior year, amidst a revenue decline of 5.5% year-over-year.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,099 shares of the oilfield services company's stock after acquiring an additional 91,791 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Halliburton were worth $7,816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Mascagni Wealth Management Inc. purchased a new position in shares of Halliburton during the 4th quarter valued at $28,000. Stone House Investment Management LLC purchased a new stake in shares of Halliburton in the first quarter worth $30,000. Hexagon Capital Partners LLC raised its position in shares of Halliburton by 87.4% in 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 in the last quarter. Zions Bancorporation National Association UT bought a new stake in Halliburton during the first quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter worth about $39,000. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Up 4.6%

Shares of Halliburton stock traded up $0.9750 during trading on Friday, reaching $22.2550. The company's stock had a trading volume of 12,617,447 shares, compared to its average volume of 12,239,343. 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 52-week low of $18.72 and a 52-week high of $32.57. The firm's 50-day moving average is $21.61 and its two-hundred day moving average is $22.39. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 3.72 and a beta of 1.12.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Susquehanna lowered 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. Melius assumed coverage on shares of Halliburton in a research report on Wednesday. They issued a "buy" rating and a $41.00 price objective on the stock. Melius Research initiated coverage on shares of Halliburton in a research report on Wednesday. They set a "buy" rating and a $41.00 target price for the company. Royal Bank Of Canada cut their price target on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Barclays lowered their price objective on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.05.

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.