Halliburton Company $HAL Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Halliburton Company (NYSE:HAL) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,381,177 shares of the oilfield services company’s stock after selling 108,317 shares during the quarter. Wellington Management Group LLP owned about 0.63% of Halliburton worth $136,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in Halliburton during the 4th quarter valued at $28,000. Stone House Investment Management LLC bought a new position in Halliburton during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC boosted its stake in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 656 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Halliburton during the 1st quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. bought a new position in Halliburton during the 4th quarter valued at $39,000. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Down 0.1%

NYSE:HAL opened at $21.0850 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12. The stock has a fifty day simple moving average of $21.64 and a 200 day simple moving average of $22.45.

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

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton’s payout ratio is 31.78%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler lowered Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Monday, July 28th. Stifel Nicolaus dropped their target price on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Melius assumed coverage on shares of Halliburton in a report on Wednesday. They issued a “buy” rating and a $41.00 target price on the stock. Melius Research assumed coverage on shares of Halliburton in a report on Wednesday. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Morgan Stanley dropped their target price on shares of Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $32.05.

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.