Polianta Ltd Purchases New Position in Halliburton Company $HAL

Polianta Ltd acquired a new stake in Halliburton Company (NYSE:HAL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,000 shares of the oilfield services company’s stock, valued at approximately $1,715,000. Halliburton accounts for approximately 0.2% of Polianta Ltd’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAL. Capital Research Global Investors boosted its position in shares of Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after buying an additional 19,190,520 shares during the period. State Street Corp grew its stake in shares of Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock valued at $1,436,336,000 after buying an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock valued at $878,806,000 after buying an additional 443,064 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after buying an additional 29,735,387 shares during the period. Finally, Sanders Capital LLC lifted its position in Halliburton by 9.4% during the 3rd quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock worth $639,715,000 after acquiring an additional 2,238,983 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 0.0%

Shares of HAL opened at $34.93 on Friday. The company has a market capitalization of $29.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.51 and a beta of 0.69. Halliburton Company has a one year low of $20.09 and a one year high of $43.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The stock has a 50-day moving average price of $39.66 and a 200 day moving average price of $35.39.

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

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Insiders Place Their Bets

In other Halliburton news, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president directly owned 72,976 shares in the company, valued at $3,064,992. This represents a 10.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the transaction, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 391,932 shares of company stock valued at $15,999,453. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAL. Wall Street Zen cut Halliburton from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Thursday, May 7th. Piper Sandler boosted their target price on shares of Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Citigroup upped their target price on shares of Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.27.

Halliburton Company Profile

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.