Sava Infond d.o.o. Lowers Position in Halliburton Company $HAL

Key Points

• Sava Infond d.o.o. reduced its stake in Halliburton Company by 87.5%, holding just 1,500 shares worth $31,000 after selling 10,500 shares in the second quarter.
• Halliburton reported $5.51 billion in revenue for the last quarter, exceeding analysts' expectations, although revenue fell 5.5% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 2.8% and a payout ratio of 31.78%.

Sava Infond d.o.o. lessened its stake in Halliburton Company (NYSE:HAL - Free Report) by 87.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,500 shares of the oilfield services company's stock after selling 10,500 shares during the quarter. Sava Infond d.o.o.'s holdings in Halliburton were worth $31,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new position in shares of Halliburton in the first quarter worth $30,000. Hexagon Capital Partners LLC lifted its holdings in shares of 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 buying an additional 656 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Halliburton in the first quarter worth $37,000. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Halliburton by 109.5% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company's stock worth $39,000 after buying an additional 993 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in shares of Halliburton by 756.2% in the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company's stock worth $54,000 after buying an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 0.3%

HAL stock opened at $24.31 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 11.36 and a beta of 1.02. The firm's fifty day simple moving average is $22.42 and its two-hundred day simple moving average is $21.83.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share 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 net margin of 8.37% and a return on equity of 21.45%. The business's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. As a group, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a $0.17 dividend. 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 dividend payout ratio is presently 31.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HAL. Melius Research began coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a "buy" rating and a $41.00 price target on the stock. Susquehanna decreased their price target on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. 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. Royal Bank Of Canada decreased their price target on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Barclays decreased their price target on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.20.

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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