Sivia Capital Partners LLC Acquires Shares of 21,070 Halliburton Company $HAL

Key Points

• Sivia Capital Partners LLC has acquired 21,070 shares of Halliburton Company, valued at approximately $429,000, as part of their second quarter investments.
• Charles Schwab Investment Management significantly increased its holdings in Halliburton by 450.9%, now owning nearly 30 million shares, highlighting a strong institutional interest in the company.
• Analysts have mixed views on Halliburton, with current ratings including 13 "Buy" and 8 "Hold," while the average target price has been set at $31.37.

Sivia Capital Partners LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,070 shares of the oilfield services company's stock, valued at approximately $429,000.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock worth $759,623,000 after acquiring an additional 24,506,472 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Halliburton by 7.3% during the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company's stock worth $274,349,000 after buying an additional 731,105 shares in the last quarter. LSV Asset Management grew its holdings in shares of Halliburton by 3.3% during the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company's stock worth $155,088,000 after buying an additional 193,022 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company's stock worth $133,949,000 after buying an additional 282,492 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of research reports. Piper Sandler lowered shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, July 28th. Stifel Nicolaus lowered their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Susquehanna lowered their price target on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Melius Research initiated coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.37.

Halliburton Stock Down 0.7%

HAL stock opened at $22.26 on Thursday. The company's 50 day moving average price is $21.88 and its 200 day moving average price is $21.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 3rd. Halliburton's dividend payout ratio is currently 31.78%.

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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