National Pension Service Has $35.74 Million Stock Holdings in Halliburton Company $HAL

Key Points

• The National Pension Service has increased its holdings in Halliburton Company (NYSE:HAL) by 8.3%, owning 1,408,709 shares worth approximately $35.7 million following the acquisition of 107,500 additional shares.
• Halliburton reported earnings per share of $0.55 for the last quarter, matching consensus estimates, but experienced a 5.5% decline in revenue compared to the same quarter last year, totaling $5.51 billion.
• The company has recently declared a quarterly dividend of $0.17 per share, with an annualized dividend yield of 3.2%, reflecting a healthy dividend payout ratio of 31.78%.

National Pension Service lifted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,408,709 shares of the oilfield services company's stock after purchasing an additional 107,500 shares during the quarter. National Pension Service owned 0.16% of Halliburton worth $35,739,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in Halliburton in the 4th quarter valued at $28,000. Stone House Investment Management LLC bought a new stake in Halliburton in the 1st quarter valued at $30,000. Hexagon Capital Partners LLC lifted its position in Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 656 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in Halliburton during the 4th quarter worth about $39,000. Finally, Zions Bancorporation National Association UT bought a new stake in Halliburton during the 1st quarter worth about $37,000. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

NYSE:HAL traded down $0.0150 on Wednesday, hitting $21.0950. The company had a trading volume of 4,611,919 shares, compared to its average volume of 13,639,165. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 3.73 and a beta of 1.12. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $21.66 and a two-hundred day moving average of $22.46. 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 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. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period in the prior year, the company posted $0.80 EPS. The company's revenue was down 5.5% on a year-over-year basis. On average, research analysts anticipate 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 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 is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. Halliburton's dividend payout ratio is 31.78%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HAL. Melius began coverage on shares of Halliburton in a research report on Wednesday. They set a "buy" rating and a $41.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus decreased their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley cut their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Susquehanna cut their price target on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and a consensus price target 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.