Impact Partnership Wealth LLC Makes New $541,000 Investment in Halliburton Company (NYSE:HAL)

Impact Partnership Wealth LLC purchased a new position in shares of Halliburton Company (NYSE:HAL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,321 shares of the oilfield services company's stock, valued at approximately $541,000.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC boosted its position in Halliburton by 1.6% in the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after buying an additional 375,054 shares during the last quarter. Geode Capital Management LLC raised its holdings in Halliburton by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock valued at $584,139,000 after acquiring an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. Norges Bank acquired a new stake in shares of Halliburton during the 4th quarter valued at $299,986,000. Finally, Invesco Ltd. increased its holdings in Halliburton by 10.6% in the fourth quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company's stock valued at $274,151,000 after purchasing an additional 968,583 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

Shares of NYSE HAL traded down $0.31 during mid-day trading on Friday, reaching $21.23. The company had a trading volume of 14,974,478 shares, compared to its average volume of 11,593,067. Halliburton Company has a one year low of $18.72 and a one year high of $34.97. The business's 50-day simple moving average is $21.15 and its 200 day simple moving average is $23.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 3.35 and a beta of 1.13.

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

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's payout ratio is 28.45%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HAL. UBS Group reduced their target price on Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. Susquehanna reduced their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Hsbc Global Res raised Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Morgan Stanley reduced their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Citigroup reduced their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.47.

Halliburton 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.