Halliburton (NYSE:HAL) Stock Position Increased by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in Halliburton (NYSE:HAL) by 46.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,774 shares of the oilfield services company’s stock after purchasing an additional 6,861 shares during the period. V Square Quantitative Management LLC’s holdings in Halliburton were worth $736,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HAL. Great Valley Advisor Group Inc. increased its position in Halliburton by 21.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 97,311 shares of the oilfield services company’s stock valued at $3,287,000 after acquiring an additional 17,053 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Halliburton by 27.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 89,112 shares of the oilfield services company’s stock valued at $3,010,000 after purchasing an additional 19,454 shares during the period. Diversified Trust Co acquired a new stake in Halliburton in the second quarter worth about $217,000. AA Financial Advisors LLC acquired a new stake in Halliburton in the second quarter worth about $238,000. Finally, Wedmont Private Capital grew its position in Halliburton by 10.0% in the 2nd quarter. Wedmont Private Capital now owns 20,236 shares of the oilfield services company’s stock valued at $687,000 after buying an additional 1,835 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Jefferies Financial Group decreased their price target on Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Royal Bank of Canada dropped their price objective on Halliburton from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group raised their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Finally, Citigroup dropped their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.35.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Down 0.6 %

Halliburton stock traded down $0.18 during mid-day trading on Wednesday, hitting $30.91. The company’s stock had a trading volume of 4,061,006 shares, compared to its average volume of 7,501,332. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a 52-week low of $30.31 and a 52-week high of $43.85. The firm’s 50 day moving average is $33.49 and its 200 day moving average is $35.84. The company has a market cap of $27.36 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.93.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, analysts anticipate that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

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.