LSV Asset Management Purchases 193,022 Shares of Halliburton Company (NYSE:HAL)

Key Points

• LSV Asset Management increased its holdings in Halliburton Company by 3.3%, owning approximately 6,113,044 shares worth $155 million as of the latest filing with the SEC.
• The company reported $0.55 EPS in its latest quarterly earnings, meeting analysts' expectations, with revenues of $5.51 billion for the quarter.
• Halliburton announced a quarterly dividend of $0.17 per share, representing a 3.2% yield, with a payout ratio of 31.78%.

LSV Asset Management boosted its holdings in Halliburton Company (NYSE:HAL - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,113,044 shares of the oilfield services company's stock after buying an additional 193,022 shares during the period. LSV Asset Management owned 0.71% of Halliburton worth $155,088,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Schroder Investment Management Group lifted its position in Halliburton by 159.8% during the fourth quarter. Schroder Investment Management Group now owns 496,132 shares of the oilfield services company's stock valued at $13,490,000 after buying an additional 305,196 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Halliburton by 33.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,065 shares of the oilfield services company's stock valued at $218,000 after purchasing an additional 2,042 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Halliburton by 49.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 80,272 shares of the oilfield services company's stock worth $2,183,000 after purchasing an additional 26,592 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Halliburton by 1.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,124,538 shares of the oilfield services company's stock worth $30,576,000 after purchasing an additional 18,787 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Halliburton by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after purchasing an additional 908,271 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE HAL traded up $0.09 during trading hours on Monday, hitting $21.69. 12,082,509 shares of the stock were exchanged, compared to its average volume of 16,428,982. The company's fifty day simple moving average is $21.45 and its two-hundred day simple moving average is $22.98. Halliburton Company has a 1-year low of $18.72 and a 1-year 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. The company has a market cap of $18.49 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (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 net margin of 8.37% and a return on equity of 21.45%. The company's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. On average, sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HAL shares. Stifel Nicolaus dropped their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Barclays cut their target price on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered 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. Finally, The Goldman Sachs Group dropped their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

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.