Halliburton Company (NYSE:HAL) Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC raised its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,130 shares of the oilfield services company's stock after buying an additional 43,474 shares during the period. Pzena Investment Management LLC owned about 0.18% of Halliburton worth $40,367,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAL. Mascagni Wealth Management Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $28,000. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $33,000. Hexagon Capital Partners LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 656 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $39,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Halliburton by 830.5% in the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after purchasing an additional 1,827 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HAL shares. Stifel Nicolaus lowered their price target on Halliburton from $32.00 to $31.00 and set a "buy" rating for the company in a report on Wednesday. Barclays reduced their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup reduced their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.47.

Halliburton Price Performance

Shares of HAL stock traded up $0.33 during mid-day trading on Thursday, hitting $21.57. 9,924,494 shares of the stock were exchanged, compared to its average volume of 11,607,508. The firm has a fifty day moving average of $21.11 and a 200 day moving average of $23.51. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.08. The company has a market cap of $18.54 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 3.36 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio is presently 28.45%.

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.