Halliburton Company $HAL Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Halliburton Company (NYSE:HAL) by 466.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 605,514 shares of the oilfield services company’s stock after purchasing an additional 498,641 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of Halliburton worth $12,340,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in shares of Halliburton in the 1st quarter worth about $30,000. Hexagon Capital Partners LLC raised its stake in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Halliburton during the first quarter worth about $37,000. CVA Family Office LLC lifted its holdings in Halliburton by 94.8% in the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 916 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in Halliburton by 109.5% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after acquiring an additional 993 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of research reports. Barclays increased their price target on Halliburton from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday. Susquehanna upped their price objective on Halliburton from $27.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Zacks Research raised Halliburton from a “strong sell” rating to a “hold” rating in a research report on Thursday. Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group upped their price target on shares of Halliburton from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Halliburton Price Performance

Shares of HAL opened at $26.57 on Monday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The stock’s fifty day moving average is $23.09 and its 200-day moving average is $21.85. 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 has a market capitalization of $22.66 billion, a price-to-earnings ratio of 17.60 and a beta of 1.02.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities analysts anticipate 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. Stockholders of record on Wednesday, September 3rd were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Halliburton 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.