12,927 Shares in Halliburton (NYSE:HAL) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in Halliburton (NYSE:HAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,927 shares of the oilfield services company’s stock, valued at approximately $351,000.

Other hedge funds also recently bought and sold shares of the company. MidWestOne Financial Group Inc. increased its position in shares of Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after purchasing an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares in the last quarter. Northwest Bank & Trust Co raised its stake in Halliburton by 3.2% in the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after buying an additional 397 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its holdings in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $26.70 on Wednesday. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 3.58 and a beta of 1.91. The business’s 50 day moving average is $28.75 and its two-hundred day moving average is $29.91. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the company earned $0.79 EPS. The company’s revenue was down 1.8% on a year-over-year basis. Research analysts expect that Halliburton will post 2.94 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio is currently 24.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HAL shares. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Susquehanna reduced their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Finally, Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

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.