Sava Infond d.o.o. Sells 10,500 Shares of Halliburton Company $HAL

Sava Infond d.o.o. cut its stake in Halliburton Company (NYSE:HAL) by 87.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the oilfield services company’s stock after selling 10,500 shares during the period. Sava Infond d.o.o.’s holdings in Halliburton were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HAL. Charles Schwab Investment Management Inc. lifted its stake in Halliburton by 450.9% in the first 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 lifted its stake in Halliburton by 217.4% in the first 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 purchased a new stake in Halliburton in the first quarter worth about $72,637,000. 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 worth $57,208,000 after acquiring an additional 2,091,872 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Halliburton by 121.8% in the first quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company’s stock worth $83,879,000 after acquiring an additional 1,815,357 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HAL. Wells Fargo & Company lowered their price objective on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Monday, July 28th. Royal Bank Of Canada decreased their price target on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Barclays decreased their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 23rd. Finally, Zephirin Group increased their price target on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Halliburton Stock Performance

Shares of Halliburton stock opened at $24.31 on Friday. The firm has a market capitalization of $20.72 billion, a P/E ratio of 11.36 and a beta of 1.02. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $22.42 and a 200 day moving average price of $21.83. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. Halliburton’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Sell-side analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is presently 31.78%.

Halliburton Company 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.