Jump Financial LLC Purchases 730,905 Shares of Halliburton Company $HAL

Key Points

• Jump Financial LLC increased its holdings in Halliburton Company (NYSE:HAL) by an impressive 2,895.2% during the first quarter, owning approximately 756,150 shares worth around $19.18 million.
• Recent analyst reports show mixed ratings for Halliburton, with a consensus target price of $32.05, alongside fourteen analysts rating the stock as a "Buy" and eight as "Hold."
• Halliburton announced a quarterly dividend of $0.17 per share, reflecting a 3.1% dividend yield for shareholders of record as of September 3rd.

Jump Financial LLC raised its position in Halliburton Company (NYSE:HAL - Free Report) by 2,895.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 756,150 shares of the oilfield services company's stock after purchasing an additional 730,905 shares during the period. Jump Financial LLC owned 0.09% of Halliburton worth $19,184,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. boosted its holdings in Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after purchasing an additional 24,506,472 shares during the period. Nuveen LLC bought a new position in Halliburton in the 1st quarter valued at $72,637,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Halliburton by 121.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company's stock worth $83,879,000 after acquiring an additional 1,815,357 shares during the last quarter. Finally, Twinbeech Capital LP lifted its holdings in shares of Halliburton by 314.1% during the 4th quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock worth $55,594,000 after acquiring an additional 1,550,920 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 2.0%

Shares of NYSE:HAL traded up $0.43 during trading on Wednesday, reaching $22.31. 8,432,751 shares of the stock traded hands, compared to its average volume of 13,587,002. The stock has a market cap of $19.02 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 3.91 and a beta of 1.12. The stock has a 50-day moving average of $21.57 and a two-hundred day moving average of $22.32. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. As a group, sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. Halliburton's payout ratio is presently 31.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HAL shares. The Goldman Sachs Group dropped their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Melius Research initiated coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average target price of $32.05.

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.