Trexquant Investment LP Raises Stock Holdings in Halliburton Company $HAL

Key Points

• Trexquant Investment LP significantly increased its stake in Halliburton Company, raising its position by 152.2% to own approximately 0.11% of the company valued at $24.35 million.
• Halliburton recently reported earnings of $0.55 EPS, matching analyst expectations, though revenue was down 5.5% year-over-year.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend of $0.68 with a yield of 3.0%.

Trexquant Investment LP lifted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 152.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 959,796 shares of the oilfield services company's stock after purchasing an additional 579,228 shares during the quarter. Trexquant Investment LP owned 0.11% of Halliburton worth $24,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth approximately $28,000. Stone House Investment Management LLC acquired a new stake in Halliburton in the 1st quarter valued at $30,000. Hexagon Capital Partners LLC grew its stake 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 during the period. Zions Bancorporation National Association UT acquired a new stake in Halliburton in the 1st quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

HAL traded up $0.12 on Friday, hitting $22.75. 8,055,025 shares of the company's stock were exchanged, compared to its average volume of 10,869,539. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. 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 price of $21.59 and a 200-day moving average price of $22.24. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 3.98 and a beta of 1.12.

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

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, September 3rd. Halliburton's payout ratio is currently 31.78%.

Analyst Ratings Changes

HAL has been the topic of a number of research analyst reports. Stifel Nicolaus dropped 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 dropped their price target 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. Susquehanna dropped 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. Royal Bank Of Canada dropped 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, UBS Group lifted their target price on shares of Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.05.

Halliburton Company 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.