Aigen Investment Management LP Buys 27,120 Shares of Halliburton Company (NYSE:HAL)

Aigen Investment Management LP lifted its stake in shares of Halliburton Company (NYSE:HAL) by 19.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,146 shares of the oilfield services company’s stock after purchasing an additional 27,120 shares during the quarter. Halliburton accounts for about 0.7% of Aigen Investment Management LP’s holdings, making the stock its 13th largest position. Aigen Investment Management LP’s holdings in Halliburton were worth $4,190,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in HAL. Federated Hermes Inc. grew its holdings in Halliburton by 297.9% during the 4th quarter. Federated Hermes Inc. now owns 13,247 shares of the oilfield services company’s stock valued at $360,000 after buying an additional 9,918 shares in the last quarter. Bank of Montreal Can grew its stake in Halliburton by 6.3% during the fourth quarter. Bank of Montreal Can now owns 959,324 shares of the oilfield services company’s stock valued at $26,084,000 after acquiring an additional 57,116 shares in the last quarter. Bank of Nova Scotia increased its holdings in Halliburton by 56.0% during the 4th quarter. Bank of Nova Scotia now owns 176,371 shares of the oilfield services company’s stock worth $4,796,000 after acquiring an additional 63,279 shares during the period. Scotia Capital Inc. lifted its stake in Halliburton by 13.6% in the 4th quarter. Scotia Capital Inc. now owns 14,859 shares of the oilfield services company’s stock worth $404,000 after purchasing an additional 1,781 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Halliburton by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 387,715 shares of the oilfield services company’s stock valued at $10,542,000 after purchasing an additional 2,440 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of several research analyst reports. Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Monday, July 28th. Citigroup lowered their price target on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada cut their price objective on Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Susquehanna decreased their price objective on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group dropped their target price on shares of Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Halliburton Trading Up 0.0%

NYSE HAL opened at $20.89 on Friday. The firm has a market cap of $17.81 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 3.62 and a beta of 1.12. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The stock has a 50-day moving average of $21.59 and a 200-day moving average of $22.74. 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 announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. As a group, sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, June 4th. Halliburton’s dividend payout ratio is currently 31.78%.

Halliburton Company 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.