Halliburton Company $HAL Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in Halliburton Company (NYSE:HAL) by 59.1% in the second quarter, Holdings Channel reports. The fund owned 175,214 shares of the oilfield services company’s stock after purchasing an additional 65,076 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Halliburton were worth $3,571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in shares of Halliburton in the 1st quarter worth $30,000. Hexagon Capital Partners LLC increased its stake in shares of Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Halliburton in the 1st quarter worth $37,000. Bartlett & CO. Wealth Management LLC increased its stake in shares of Halliburton by 109.5% in 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 last quarter. Finally, McIlrath & Eck LLC increased its stake in shares of Halliburton by 756.2% in 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 last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Halliburton in a research report on Tuesday. Barclays reduced their target price on Halliburton from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Melius initiated coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price on the stock. Stifel Nicolaus reduced their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their target price on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.61.

Halliburton Price Performance

HAL stock opened at $22.43 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. The company has a market capitalization of $19.13 billion, a PE ratio of 10.48 and a beta of 1.02. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The business’s fifty day moving average price is $22.56 and its 200 day moving average price is $21.73.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The firm 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. On average, sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors 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 3.0%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s payout ratio is presently 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.