5,630 Shares in Halliburton (NYSE:HAL) Bought by CX Institutional

CX Institutional bought a new position in shares of Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,630 shares of the oilfield services company’s stock, valued at approximately $153,000.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after acquiring an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton in the 3rd quarter worth about $55,132,000. Thrivent Financial for Lutherans raised its position in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Halliburton by 127.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock worth $52,600,000 after acquiring an additional 871,789 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Shares of NYSE HAL opened at $27.83 on Monday. Halliburton has a twelve month low of $25.51 and a twelve month high of $41.56. The stock’s 50 day moving average price is $28.81 and its 200-day moving average price is $29.97. The company has a market capitalization of $24.45 billion, a PE ratio of 9.83, a PEG ratio of 3.58 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS. On average, equities analysts anticipate that Halliburton will post 2.94 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.44%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analysts Set New Price Targets

HAL has been the subject of several research reports. Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. Barclays reduced their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday. Jefferies Financial Group reduced their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Benchmark reduced their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets reduced their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

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.