Generali Investments CEE investicni spolecnost a.s. Purchases 5,100 Shares of Halliburton Company $HAL

Generali Investments CEE investicni spolecnost a.s. boosted its position in Halliburton Company (NYSE:HAL) by 11.4% in the second quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the oilfield services company’s stock after acquiring an additional 5,100 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Halliburton were worth $1,019,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HAL. SBI Securities Co. Ltd. increased its holdings in shares of Halliburton by 8.9% during the first quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock valued at $174,000 after acquiring an additional 562 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Halliburton by 0.8% during the first quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock valued at $1,815,000 after acquiring an additional 584 shares in the last quarter. Hills Bank & Trust Co increased its holdings in shares of Halliburton by 1.6% during the first quarter. Hills Bank & Trust Co now owns 38,733 shares of the oilfield services company’s stock valued at $983,000 after acquiring an additional 595 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Halliburton by 5.1% during the first quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock valued at $316,000 after acquiring an additional 605 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in Halliburton by 3.7% in the 1st quarter. Argonautica Private Wealth Management Inc. now owns 17,181 shares of the oilfield services company’s stock worth $436,000 after buying an additional 614 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HAL shares. Melius started coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target on the stock. Stifel Nicolaus cut their price target 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. 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. Melius Research started coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Barclays cut their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.37.

Halliburton Trading Down 1.5%

Halliburton stock opened at $24.63 on Wednesday. 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 Company has a 12 month low of $18.72 and a 12 month high of $32.57. The stock’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $21.84. The firm has a market cap of $21.00 billion, a PE ratio of 11.51 and a beta of 1.10.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) 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 firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue was down 5.5% on a year-over-year basis. Analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Halliburton’s dividend payout ratio (DPR) is 31.78%.

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.