LSV Asset Management Increases Holdings in Halliburton Company $HAL

LSV Asset Management boosted its stake in Halliburton Company (NYSE:HAL) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 6,080,922 shares of the oilfield services company’s stock after buying an additional 31,200 shares during the quarter. LSV Asset Management’s holdings in Halliburton were worth $171,847,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HAL. Cullen Frost Bankers Inc. purchased a new stake in shares of Halliburton in the third quarter worth about $25,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at about $25,000. Kelleher Financial Advisors purchased a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Halliburton during the second quarter worth $25,000. Finally, Strive Asset Management LLC acquired a new position in shares of Halliburton during the third quarter worth $31,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton announced a quarterly dividend of $0.17 per share, signaling continued capital returns to shareholders and reinforcing management’s confidence in cash generation. Halliburton Announces Dividend
• Positive Sentiment: CEO Jeff Miller joining Noble Corporation’s board may be seen as a vote of confidence in Halliburton’s leadership and industry standing, while also highlighting Miller’s influence across the offshore drilling sector. Noble Corporation plc Announces New Director Appointment
• Neutral Sentiment: Articles focused on Halliburton’s Russell 1000 filing and broader market commentary are drawing fresh attention to the name, but they do not appear to change the company’s fundamentals on their own. Halliburton Russell 1000 Filing Raises Fresh Focus
• Neutral Sentiment: Recent notes from analysts and market outlets highlight that HAL has been up since its last earnings report, suggesting investor sentiment remains constructive after the company beat quarterly EPS estimates and slightly topped revenue expectations. Halliburton (HAL) Up 8.2% Since Last Earnings Report: Can It Continue?

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zephirin Group boosted their target price on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, April 22nd. Argus boosted their target price on shares of Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Capital One Financial boosted their target price on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their target price on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, TD Cowen lifted their price target on shares of Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Halliburton Stock Down 1.1%

HAL stock opened at $41.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. Halliburton Company has a 1-year low of $19.42 and a 1-year high of $43.59. The firm has a fifty day moving average price of $38.99 and a two-hundred day moving average price of $33.65. The firm has a market cap of $34.67 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.82 and a beta of 0.73.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts predict that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 1.6%. Halliburton’s payout ratio is presently 37.36%.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 198,349 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the sale, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. The trade was a 57.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. The trade was a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 420,837 shares of company stock valued at $16,979,135 over the last quarter. 0.57% of the stock is owned by company insiders.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.