Versor Investments LP Takes Position in Halliburton Company $HAL

Key Points

• Versor Investments LP acquired a stake in Halliburton Company, purchasing 20,237 shares valued at approximately $513,000 in the first quarter of the year.
• Halliburton recently reported earnings of $0.55 EPS for the last quarter, meeting analyst expectations, but showing a 5.5% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.17 per share, representing a 3.2% yield, with a payout ratio of 31.78%.

Versor Investments LP acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,237 shares of the oilfield services company's stock, valued at approximately $513,000.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. acquired a new position in shares of Halliburton during the 4th quarter worth $28,000. Stone House Investment Management LLC bought a new stake in Halliburton in the first quarter worth $30,000. Hexagon Capital Partners LLC increased its position in Halliburton by 87.4% during 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 during the last quarter. Zions Bancorporation National Association UT bought a new position in Halliburton during the first quarter valued at about $37,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton in the fourth quarter worth about $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.9750 on Friday, hitting $22.2550. 12,617,447 shares of the company were exchanged, compared to its average volume of 12,239,343. 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 company's 50 day moving average price is $21.61 and its two-hundred day moving average price is $22.36. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 3.90 and a beta of 1.12.

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

Halliburton Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's dividend payout ratio is presently 31.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. 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 report 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. Wells Fargo & Company dropped their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Melius assumed coverage on shares of Halliburton in a research report on Wednesday. They set a "buy" rating and a $41.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.