Halliburton Company $HAL Shares Bought by Asset Management One Co. Ltd.

by · The Markets Daily

Asset Management One Co. Ltd. raised its stake in Halliburton Company (NYSE:HAL – Free Report) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 369,899 shares of the oilfield services company’s stock after acquiring an additional 3,693 shares during the period. Asset Management One Co. Ltd.’s holdings in Halliburton were worth $7,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HAL. Stone House Investment Management LLC purchased a new position in shares of Halliburton in the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC grew its stake in shares of Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 656 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Halliburton in the 1st quarter valued at approximately $37,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares during the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Halliburton by 756.2% in the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 1,883 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zephirin Group lifted their target price on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. Zacks Research upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup restated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.40.

Read Our Latest Stock Report on Halliburton

Halliburton Stock Up 1.1%

HAL opened at $26.83 on Tuesday. The business’s fifty day moving average is $23.20 and its two-hundred day moving average is $21.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 17.77 and a beta of 1.02. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL – Get Free Report) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.Halliburton’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. Analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s payout ratio is presently 45.03%.

About Halliburton

(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.

Further Reading

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