Yousif Capital Management LLC Boosts Stake in Halliburton Company $HAL

Yousif Capital Management LLC lifted its holdings in Halliburton Company (NYSE:HAL) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 112,023 shares of the oilfield services company’s stock after purchasing an additional 618 shares during the quarter. Yousif Capital Management LLC’s holdings in Halliburton were worth $2,283,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in Halliburton by 134.7% during the second quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock worth $76,100,000 after purchasing an additional 2,142,939 shares in the last quarter. MGO One Seven LLC boosted its position in Halliburton by 38.8% during the second quarter. MGO One Seven LLC now owns 21,094 shares of the oilfield services company’s stock worth $430,000 after purchasing an additional 5,897 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Halliburton by 11.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 48,620 shares of the oilfield services company’s stock worth $1,031,000 after purchasing an additional 5,127 shares in the last quarter. CWM LLC boosted its position in Halliburton by 178.9% during the second quarter. CWM LLC now owns 234,049 shares of the oilfield services company’s stock worth $4,770,000 after purchasing an additional 150,120 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Halliburton by 59.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 175,214 shares of the oilfield services company’s stock worth $3,571,000 after purchasing an additional 65,076 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HAL has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Stifel Nicolaus dropped their price objective on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price objective on Halliburton from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, UBS Group upped their price objective on shares of Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.61.

Halliburton Stock Performance

NYSE HAL opened at $22.25 on Friday. The business’s 50-day moving average price is $22.63 and its 200 day moving average price is $21.68. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The company has a market capitalization of $18.97 billion, a PE ratio of 10.40 and a beta of 1.02. 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 released its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate 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 the consensus estimate of $5.43 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts predict 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. Investors 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 annualized dividend and a yield of 3.1%. Halliburton’s dividend payout ratio is 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.