Mirae Asset Global Investments Co. Ltd. Has $18.19 Million Holdings in Halliburton Company $HAL

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892,748 shares of the oilfield services company's stock after acquiring an additional 68,199 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of Halliburton worth $18,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HAL. NBC Securities Inc. grew its stake in Halliburton by 111,028.6% during the 1st quarter. NBC Securities Inc. now owns 7,779 shares of the oilfield services company's stock valued at $197,000 after acquiring an additional 7,772 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Halliburton by 206.8% during the 1st quarter. Merit Financial Group LLC now owns 44,440 shares of the oilfield services company's stock valued at $1,127,000 after buying an additional 29,953 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Halliburton by 34.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,998 shares of the oilfield services company's stock valued at $355,000 after buying an additional 3,555 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Halliburton by 10.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 469,346 shares of the oilfield services company's stock valued at $11,907,000 after buying an additional 45,961 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Halliburton by 59.3% during the 1st quarter. Wesbanco Bank Inc. now owns 258,543 shares of the oilfield services company's stock valued at $6,559,000 after buying an additional 96,236 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of several research reports. Piper Sandler lowered Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Monday, July 28th. Stifel Nicolaus reduced their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Barclays reduced their target price on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Weiss Ratings restated a "hold (c-)" rating on shares of Halliburton in a report on Saturday, September 27th. Finally, 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. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Halliburton Stock Performance

HAL opened at $24.31 on Friday. The stock has a market cap of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The stock's 50 day simple moving average is $22.42 and its 200-day simple moving average is $21.83.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.Halliburton's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Halliburton's payout ratio is currently 31.78%.

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.

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