Asset Management One Co. Ltd. Increases Stock Holdings in Halliburton Company $HAL

Asset Management One Co. Ltd. boosted its position in shares of Halliburton Company (NYSE:HAL) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 369,899 shares of the oilfield services company’s stock after acquiring an additional 3,693 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Halliburton were worth $7,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in Halliburton during the 1st quarter valued at about $30,000. Hexagon Capital Partners LLC boosted its holdings in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 656 shares during the period. Zions Bancorporation National Association UT purchased a new position in Halliburton during the 1st quarter valued at about $37,000. Bartlett & CO. Wealth Management LLC boosted its holdings in Halliburton by 109.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after acquiring an additional 993 shares during the period. Finally, McIlrath & Eck LLC boosted its holdings in Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 1,883 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HAL shares. HSBC set a $30.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Susquehanna lifted their price objective on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Barclays lifted their price objective on Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Melius Research started coverage on Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus set a $32.00 price objective on Halliburton in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Halliburton Price Performance

Shares of NYSE HAL opened at $26.83 on Tuesday. The firm has a market capitalization of $22.88 billion, a PE ratio of 17.77 and a beta of 1.02. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The stock’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $21.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.5%. Halliburton’s payout ratio is 45.03%.

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.