Halliburton Company $HAL Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in Halliburton Company (NYSE:HAL) by 21.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 129,011 shares of the oilfield services company’s stock after buying an additional 23,167 shares during the period. Vontobel Holding Ltd.’s holdings in Halliburton were worth $2,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in Halliburton during the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC grew its holdings in shares of Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 656 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Halliburton during the first quarter valued at $37,000. Bartlett & CO. Wealth Management LLC lifted its position in Halliburton by 109.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after acquiring an additional 993 shares during the period. Finally, McIlrath & Eck LLC lifted its position in Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 1,883 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 6.0%

HAL opened at $22.01 on Friday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The stock has a market capitalization of $18.76 billion, a PE ratio of 10.28 and a beta of 1.02. The business’s 50 day moving average price is $22.53 and its 200 day moving average price is $21.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00.

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

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is 31.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HAL shares. Wells Fargo & Company cut their price target on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Barclays lowered their price target on Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. UBS Group lifted their target price on shares of Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.95.

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.