Victory Capital Management Inc. Increases Position in Halliburton Company (NYSE:HAL)

Victory Capital Management Inc. grew its stake in Halliburton Company (NYSE:HAL - Free Report) by 121.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,306,224 shares of the oilfield services company's stock after buying an additional 1,815,357 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of Halliburton worth $83,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HAL. Wealthfront Advisers LLC lifted its stake in shares of Halliburton by 9.4% during the 1st quarter. Wealthfront Advisers LLC now owns 236,302 shares of the oilfield services company's stock valued at $5,995,000 after buying an additional 20,256 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Halliburton by 178.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 42,721 shares of the oilfield services company's stock valued at $1,083,000 after acquiring an additional 27,399 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Halliburton by 8.9% in the first quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company's stock valued at $174,000 after acquiring an additional 562 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Halliburton by 2,839.0% in the first quarter. Edgestream Partners L.P. now owns 334,953 shares of the oilfield services company's stock worth $8,498,000 after acquiring an additional 323,556 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Halliburton during the first quarter worth about $846,000. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 1.4%

Shares of Halliburton stock traded down $0.31 on Friday, reaching $21.23. The company had a trading volume of 14,974,478 shares, compared to its average volume of 11,621,480. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 3.40 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. The firm's 50-day moving average price is $21.13 and its two-hundred day moving average price is $23.47. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $35.23.

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 for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. As a group, research analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Susquehanna lowered their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their price objective 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. Stifel Nicolaus dropped their target price on shares of Halliburton from $32.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group cut their target price on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, July 2nd. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.47.

About Halliburton

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.