Zurcher Kantonalbank Zurich Cantonalbank Purchases 21,171 Shares of Halliburton Company (NYSE:HAL)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Halliburton Company (NYSE:HAL - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 352,798 shares of the oilfield services company's stock after buying an additional 21,171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Halliburton were worth $8,950,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HAL. ORG Partners LLC grew its stake in shares of Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after acquiring an additional 17,094 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Halliburton by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock worth $4,047,000 after buying an additional 40,109 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Halliburton during the fourth quarter worth $7,236,000. Concurrent Investment Advisors LLC boosted its stake in Halliburton by 22.9% during the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock worth $3,256,000 after buying an additional 23,887 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Halliburton by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock worth $70,530,000 after buying an additional 67,704 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Up 0.0%

Shares of Halliburton stock traded up $0.01 on Thursday, reaching $22.41. 13,985,589 shares of the company were exchanged, compared to its average volume of 15,145,566. Halliburton Company has a one year low of $18.72 and a one year high of $34.97. The company has a 50-day moving average of $21.36 and a 200 day moving average of $23.15. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 3.88 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current 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 given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.0%. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

Analyst Ratings Changes

A number of research analysts have issued reports on HAL shares. Barclays cut their price objective on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Citigroup cut their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Piper Sandler cut Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and an average target price of $31.00.

Halliburton Company 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.