Halliburton Company (NYSE:HAL) Stock Holdings Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Halliburton Company by 16.6%, now owning over 2 million shares valued at approximately $51.4 million.
• Halliburton's recent earnings report showed a quarterly EPS of $0.55, matching expectations, with revenue of $5.51 billion, slightly surpassing analyst predictions.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annual yield of 3.2%, showcasing its commitment to returning value to shareholders.

Russell Investments Group Ltd. raised its position in Halliburton Company (NYSE:HAL - Free Report) by 16.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,032,052 shares of the oilfield services company's stock after purchasing an additional 289,255 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.24% of Halliburton worth $51,356,000 at the end of the most recent quarter.

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

Halliburton Trading Up 0.9%

Halliburton stock opened at $21.16 on Thursday. The business has a 50 day moving average price of $21.63 and a two-hundred day moving average price of $22.63. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.67 and a beta of 1.12. 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 posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate 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 company's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, equities analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.2%. Halliburton's dividend payout ratio (DPR) is 31.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HAL shares. Wells Fargo & Company decreased their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Susquehanna decreased their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Stifel Nicolaus decreased their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Barclays decreased their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

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.

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