Kestra Investment Management LLC Invests $378,000 in Halliburton Company $HAL

Key Points

• Kestra Investment Management LLC has acquired a new stake in Halliburton Company, purchasing 14,891 shares valued at approximately $378,000 in the first quarter.
• The company's financial performance shows a 5.5% year-over-year decrease in revenue, reporting $5.51 billion but meeting earnings expectations with $0.55 earnings per share (EPS).
• Halliburton recently declared a quarterly dividend of $0.17, resulting in a 3.1% yield for shareholders with a payout ratio of 31.78%.

Kestra Investment Management LLC bought a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,891 shares of the oilfield services company's stock, valued at approximately $378,000.

Several other large investors have also bought and sold shares of HAL. Baird Financial Group Inc. boosted its stake in Halliburton by 30.9% during the fourth quarter. Baird Financial Group Inc. now owns 19,255 shares of the oilfield services company's stock valued at $524,000 after buying an additional 4,549 shares in the last quarter. Captrust Financial Advisors boosted its stake in Halliburton by 14.7% during the fourth quarter. Captrust Financial Advisors now owns 49,817 shares of the oilfield services company's stock valued at $1,355,000 after buying an additional 6,383 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Halliburton by 26.6% during the fourth quarter. Cetera Investment Advisers now owns 128,118 shares of the oilfield services company's stock valued at $3,484,000 after purchasing an additional 26,939 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Halliburton by 62.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 229,857 shares of the oilfield services company's stock valued at $6,250,000 after purchasing an additional 88,650 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Halliburton by 74.6% during the fourth quarter. Focus Partners Wealth now owns 41,637 shares of the oilfield services company's stock valued at $1,141,000 after purchasing an additional 17,789 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Down 0.3%

Halliburton stock traded down $0.06 during mid-day trading on Friday, hitting $22.25. The company's stock had a trading volume of 6,732,274 shares, compared to its average volume of 9,990,366. The firm's 50 day moving average is $21.85 and its 200 day moving average is $21.95. The company has a market cap of $18.97 billion, a PE ratio of 10.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. On average, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio is currently 31.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Melius Research assumed coverage on Halliburton in a report on Wednesday, August 20th. They set a "buy" rating and a $41.00 target price for the company. UBS Group upped their target price on Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Susquehanna reduced their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, July 28th. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $32.05.

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.