Machina Capital S.A.S. Has $402,000 Stock Position in Halliburton Company $HAL

Machina Capital S.A.S. reduced its stake in Halliburton Company (NYSE:HAL) by 64.1% during the second quarter, Holdings Channel.com reports. The fund owned 19,713 shares of the oilfield services company’s stock after selling 35,190 shares during the period. Machina Capital S.A.S.’s holdings in Halliburton were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. grew its holdings in Halliburton by 450.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock worth $759,623,000 after acquiring an additional 24,506,472 shares during the period. AQR Capital Management LLC grew its holdings in Halliburton by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock worth $116,770,000 after acquiring an additional 3,178,746 shares during the period. Nuveen LLC acquired a new stake in Halliburton during the 1st quarter worth about $72,637,000. Pzena Investment Management LLC lifted its stake in Halliburton by 134.7% in the second quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock valued at $76,100,000 after buying an additional 2,142,939 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Halliburton by 292.5% in the second quarter. Assenagon Asset Management S.A. now owns 2,807,084 shares of the oilfield services company’s stock valued at $57,208,000 after buying an additional 2,091,872 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. HSBC set a $30.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. UBS Group boosted their price target on Halliburton from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.73.

Halliburton Price Performance

Shares of NYSE HAL opened at $26.82 on Wednesday. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 17.76 and a beta of 1.02. 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 firm’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $22.12.

Halliburton (NYSE:HAL) last issued its quarterly earnings data 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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. As a group, research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.5%. Halliburton’s dividend payout ratio is 45.03%.

About Halliburton

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.