XTX Topco Ltd increased its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 69.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,332 shares of the oilfield services company's stock after acquiring an additional 48,335 shares during the quarter. XTX Topco Ltd's holdings in Halliburton were worth $3,002,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Mascagni Wealth Management Inc. bought a new position in Halliburton in the 4th quarter worth about $28,000. Hexagon Capital Partners LLC grew its stake in shares of Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after purchasing an additional 656 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at $39,000. Versant Capital Management Inc raised its stake in shares of Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Halliburton in the first quarter worth about $57,000. Institutional investors own 85.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. 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 report on Wednesday, July 23rd. Susquehanna decreased their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group reduced their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.00.
Get Our Latest Research Report on HAL
Halliburton Stock Up 0.0%
Shares of Halliburton stock traded up $0.01 during midday trading on Thursday, reaching $22.41. 13,985,589 shares of the company's stock traded hands, compared to its average volume of 15,145,566. 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 52 week low of $18.72 and a 52 week high of $34.97. The company's 50 day simple moving average is $21.36 and its 200 day simple moving average is $23.15. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 3.88 and a beta of 1.13.
Halliburton (NYSE:HAL - Get Free Report) last posted its 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 net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The business's quarterly revenue was down 5.5% on a year-over-year basis. Equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.0%. Halliburton's dividend payout ratio is presently 31.78%.
Halliburton Profile
(
Free Report)
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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