Y Intercept Hong Kong Ltd Lowers Stock Holdings in Halliburton Company (NYSE:HAL)

Y Intercept Hong Kong Ltd lessened its holdings in Halliburton Company (NYSE:HAL - Free Report) by 23.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 106,873 shares of the oilfield services company's stock after selling 31,842 shares during the period. Y Intercept Hong Kong Ltd's holdings in Halliburton were worth $2,711,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of Halliburton by 18.2% during the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after acquiring an additional 42,876 shares in the last quarter. ORG Partners LLC increased its stake in Halliburton by 13,675.2% during the 1st quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock valued at $440,000 after purchasing an additional 17,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after purchasing an additional 40,109 shares in the last quarter. NEOS Investment Management LLC increased its stake in Halliburton by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company's stock valued at $1,415,000 after purchasing an additional 12,443 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Halliburton during the 4th quarter valued at approximately $7,236,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 1.0%

Shares of Halliburton stock opened at $21.39 on Wednesday. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $34.97. The company has a 50 day moving average of $21.15 and a 200 day moving average of $23.37. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $18.39 billion, a P/E ratio of 8.95, a P/E/G ratio of 3.35 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The company's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. As a group, research analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.18%. Halliburton's dividend payout ratio is currently 28.45%.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Barclays dropped their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered their price target on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.83.

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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