New Age Alpha Advisors LLC Has $1.50 Million Stock Position in Halliburton Company (NYSE:HAL)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in Halliburton Company by 25.7%, selling 20,485 shares, leaving them with a total of 59,295 shares valued at approximately $1.5 million.
• Halliburton's stock is currently down by 1.6%, with analysts predicting a 2.64 earnings per share for the current fiscal year after a 5.5% year-over-year revenue decline.
• The company recently declared a quarterly dividend of $0.17, which translates to an annualized dividend of $0.68 and a yield of 3.3%.

New Age Alpha Advisors LLC lowered its holdings in Halliburton Company (NYSE:HAL - Free Report) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,295 shares of the oilfield services company's stock after selling 20,485 shares during the period. New Age Alpha Advisors LLC's holdings in Halliburton were worth $1,504,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in Halliburton in the fourth quarter worth about $28,000. Hexagon Capital Partners LLC lifted its holdings in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after acquiring an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Halliburton in the fourth quarter worth about $39,000. Versant Capital Management Inc raised its holdings in shares of Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after buying an additional 1,827 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $57,000. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 0.0%

NYSE:HAL traded up $0.01 on Friday, hitting $20.89. 11,777,228 shares of the company's stock were exchanged, compared to its average volume of 16,022,171. The firm has a 50-day moving average price of $21.59 and a 200-day moving average price of $22.74. 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. The company has a market cap of $17.81 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 3.62 and a beta of 1.12.

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 for the quarter, hitting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the business earned $0.80 EPS. Halliburton's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.3%. Halliburton's payout ratio is currently 31.78%.

Analysts Set New Price Targets

HAL has been the topic of a number of recent analyst reports. Piper Sandler cut Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Monday, July 28th. UBS Group cut their price target on Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Morgan Stanley lowered their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.