Vontobel Holding Ltd. Buys 48,149 Shares of Halliburton Company (NYSE:HAL)

Vontobel Holding Ltd. raised its stake in Halliburton Company (NYSE:HAL - Free Report) by 83.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,844 shares of the oilfield services company's stock after acquiring an additional 48,149 shares during the quarter. Vontobel Holding Ltd.'s holdings in Halliburton were worth $2,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. US Bancorp DE boosted its stake in Halliburton by 5.9% in the fourth quarter. US Bancorp DE now owns 157,502 shares of the oilfield services company's stock valued at $4,282,000 after acquiring an additional 8,780 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Halliburton by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,542 shares of the oilfield services company's stock valued at $122,000 after buying an additional 1,159 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Halliburton by 64.9% in the 4th quarter. Jones Financial Companies Lllp now owns 24,659 shares of the oilfield services company's stock valued at $670,000 after buying an additional 9,709 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Halliburton in the 4th quarter valued at approximately $172,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock valued at $147,786,000 after acquiring an additional 187,150 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAL has been the topic of several recent research reports. Citigroup dropped their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus dropped their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group dropped their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company increased their target price on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Finally, Morgan Stanley dropped their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.53.

Halliburton Price Performance

HAL traded down $0.58 during trading on Monday, reaching $20.94. The stock had a trading volume of 12,173,133 shares, compared to its average volume of 11,387,226. The stock has a market cap of $18.00 billion, a PE ratio of 8.76, a PEG ratio of 3.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98. Halliburton Company has a one year low of $18.72 and a one year high of $37.08. The business has a 50-day moving average of $20.81 and a 200-day moving average of $23.69.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The firm had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.28 billion. As a group, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.25%. Halliburton's dividend payout ratio (DPR) is currently 28.45%.

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.