Halliburton Company $HAL Stock Holdings Decreased by OFI Invest Asset Management

OFI Invest Asset Management lowered its stake in Halliburton Company (NYSE:HAL) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 32,260 shares of the oilfield services company’s stock after selling 2,598 shares during the period. OFI Invest Asset Management’s holdings in Halliburton were worth $657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Halliburton by 450.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after buying an additional 24,506,472 shares during the last quarter. Invesco Ltd. grew its position in shares of Halliburton by 7.3% during the 1st quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock valued at $274,349,000 after buying an additional 731,105 shares during the last quarter. LSV Asset Management grew its position in shares of Halliburton by 3.3% during the 1st quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock valued at $155,088,000 after buying an additional 193,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Halliburton by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock valued at $133,949,000 after buying an additional 282,492 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Halliburton by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock valued at $116,770,000 after buying an additional 3,178,746 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HAL. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday, October 8th. Zephirin Group boosted their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Melius Research initiated coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Melius initiated coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Finally, Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research report on Monday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.11.

Halliburton Price Performance

NYSE HAL opened at $22.01 on Monday. The company has a 50-day moving average price of $22.53 and a two-hundred day moving average price of $21.74. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 10.28 and a beta of 1.02. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

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

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio is currently 31.78%.

About Halliburton

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.