SG Americas Securities LLC boosted its stake in Halliburton (NYSE:HAL - Free Report) by 843.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,309 shares of the oilfield services company's stock after purchasing an additional 263,099 shares during the period. SG Americas Securities LLC's holdings in Halliburton were worth $7,467,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in shares of Halliburton during the 4th quarter worth approximately $28,000. Horrell Capital Management Inc. bought a new position in Halliburton in the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Halliburton during the fourth quarter valued at approximately $36,000. Vermillion Wealth Management Inc. bought a new position in Halliburton in the fourth quarter worth approximately $39,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on HAL. Citigroup dropped their price objective on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Susquehanna cut their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus decreased their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.58.
Get Our Latest Stock Report on HAL
Halliburton Stock Performance
Shares of Halliburton stock traded up $1.11 during trading on Friday, hitting $23.09. 14,067,858 shares of the company's stock were exchanged, compared to its average volume of 11,081,683. The business has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $24.69. Halliburton has a 52-week low of $18.72 and a 52-week high of $37.08. The stock has a market capitalization of $19.85 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 3.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.
Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. On average, research analysts forecast that Halliburton will post 2.64 EPS for the current year.
Halliburton Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's payout ratio is currently 28.45%.
Halliburton Company Profile
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Free Report)
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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