Tyers Asset Management LLC raised its stake in shares of Halliburton (NYSE:HAL) by 12.8% in the first quarter, Holdings Channel reports. The institutional investor owned 40,544 shares of the oilfield services company’s stock after acquiring an additional 4,608 shares during the period. Tyers Asset Management LLC’s holdings in Halliburton were worth $1,188,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC raised its stake in shares of Halliburton by 387.5% during the 4th quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock valued at $26,000 after buying an additional 775 shares during the last quarter. Paragon Capital Management LLC purchased a new position in shares of Halliburton during the 1st quarter valued at about $29,000. American Research & Management Co. purchased a new position in shares of Halliburton during the 1st quarter valued at about $29,000. Barnett & Company Inc. acquired a new stake in shares of Halliburton during the 1st quarter valued at about $29,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Halliburton during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 77.45% of the company’s stock.
HAL traded down $0.35 during trading on Friday, reaching $21.31. The company’s stock had a trading volume of 5,075,788 shares, compared to its average volume of 12,233,758. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 1.57. Halliburton has a 1 year low of $20.98 and a 1 year high of $48.12. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31.
Halliburton (NYSE:HAL) last released its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the company posted $0.41 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Halliburton will post 1.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, June 4th. Halliburton’s dividend payout ratio (DPR) is 37.89%.
A number of research firms have recently commented on HAL. Edward Jones cut Halliburton from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine cut Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. UBS Group set a $36.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Seaport Global Securities set a $49.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley set a $40.00 target price on Halliburton and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.71.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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