Mirae Asset Global Investments Co. Ltd. Has $20.67 Million Stake in Halliburton Company (NYSE:HAL)

Mirae Asset Global Investments Co. Ltd. raised its position in Halliburton Company (NYSE:HAL - Free Report) by 754.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 824,549 shares of the oilfield services company's stock after purchasing an additional 728,059 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Halliburton worth $20,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its position in Halliburton by 828.1% in the 4th quarter. IFP Advisors Inc now owns 18,618 shares of the oilfield services company's stock valued at $506,000 after buying an additional 16,612 shares during the last quarter. National Pension Service raised its holdings in shares of Halliburton by 0.6% in the fourth quarter. National Pension Service now owns 1,301,209 shares of the oilfield services company's stock valued at $35,380,000 after purchasing an additional 8,353 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $4,084,000. QRG Capital Management Inc. raised its holdings in shares of Halliburton by 6.1% in the fourth quarter. QRG Capital Management Inc. now owns 44,836 shares of the oilfield services company's stock valued at $1,219,000 after purchasing an additional 2,597 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Halliburton by 5.9% in the fourth quarter. US Bancorp DE now owns 157,502 shares of the oilfield services company's stock valued at $4,282,000 after purchasing an additional 8,780 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Down 0.3%

Shares of HAL opened at $20.58 on Friday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $37.08. The firm has a market cap of $17.69 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 3.21 and a beta of 1.14. The firm's 50-day simple moving average is $20.79 and its 200 day simple moving average is $23.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98.

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

Halliburton Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio is 28.45%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HAL shares. Wells Fargo & Company lifted their price target on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Susquehanna lowered their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lowered their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Citigroup lowered their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Hsbc Global Res raised Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $33.58.

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.

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