UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in Halliburton Company $HAL

Key Points

• UBS AM increased its ownership in Halliburton Company by 5.7%, holding approximately 5.28 million shares valued at about $133.9 million.
• Halliburton recently reported $0.55 EPS for its quarterly earnings, meeting analyst expectations, but its revenue decreased by 5.5% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.17 per share, representing a 3.1% annual dividend yield with a payout ratio of 31.78%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Halliburton Company (NYSE:HAL - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,279,815 shares of the oilfield services company's stock after buying an additional 282,492 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.61% of Halliburton worth $133,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HAL. Baird Financial Group Inc. boosted its stake in shares of Halliburton by 30.9% during the 4th quarter. Baird Financial Group Inc. now owns 19,255 shares of the oilfield services company's stock worth $524,000 after purchasing an additional 4,549 shares during the period. Cetera Investment Advisers boosted its stake in shares of Halliburton by 26.6% during the 4th quarter. Cetera Investment Advisers now owns 128,118 shares of the oilfield services company's stock worth $3,484,000 after purchasing an additional 26,939 shares during the period. Focus Partners Wealth boosted its stake in shares of Halliburton by 74.6% during the 4th quarter. Focus Partners Wealth now owns 41,637 shares of the oilfield services company's stock worth $1,141,000 after purchasing an additional 17,789 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Halliburton during the 4th quarter worth about $447,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Halliburton by 1.9% during the 4th quarter. Janus Henderson Group PLC now owns 105,661 shares of the oilfield services company's stock worth $2,873,000 after purchasing an additional 2,013 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 0.3%

NYSE:HAL opened at $22.25 on Friday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. The firm has a market cap of $18.97 billion, a P/E ratio of 10.40 and a beta of 1.10. The firm has a 50-day simple moving average of $21.85 and a 200-day simple moving average of $21.98.

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

Halliburton Announces Dividend

The firm 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 $0.17 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley decreased their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Melius initiated coverage on shares of Halliburton in a report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective for the company. Melius Research initiated coverage on shares of Halliburton in a report on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective for the company. Finally, Royal Bank Of Canada decreased their price objective on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

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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