IFM Investors Pty Ltd reduced its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,102 shares of the oilfield services company's stock after selling 32,905 shares during the period. IFM Investors Pty Ltd's holdings in Halliburton were worth $5,685,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at about $28,000. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton in the 4th quarter valued at approximately $33,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Halliburton in the 4th quarter valued at approximately $39,000. Blume Capital Management Inc. lifted its position in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock worth $52,000 after purchasing an additional 1,827 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on HAL. Wells Fargo & Company raised their target price on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Susquehanna dropped their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Morgan Stanley dropped their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, UBS Group lowered their target price on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, July 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.53.
Read Our Latest Research Report on Halliburton
Halliburton Stock Up 6.0%
Halliburton stock traded up $1.26 during midday trading on Tuesday, reaching $22.15. The company's stock had a trading volume of 21,894,066 shares, compared to its average volume of 11,429,373. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $37.08. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The company has a market cap of $19.04 billion, a P/E ratio of 9.27, a P/E/G ratio of 3.37 and a beta of 1.13. The business has a 50-day simple moving average of $20.81 and a 200-day simple moving average of $23.69.
Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. On average, research analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's payout ratio is 28.45%.
Halliburton Profile
(
Free Report)
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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