Banco Santander S.A. Raises Stock Position in Halliburton Company $HAL

Banco Santander S.A. boosted its holdings in Halliburton Company (NYSE:HAL) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 489,674 shares of the oilfield services company’s stock after purchasing an additional 8,969 shares during the quarter. Banco Santander S.A.’s holdings in Halliburton were worth $9,980,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Halliburton in the 2nd quarter worth $287,000. V Square Quantitative Management LLC increased its stake in Halliburton by 82.1% in the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock worth $997,000 after buying an additional 22,045 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Halliburton by 42.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock worth $7,816,000 after buying an additional 91,791 shares in the last quarter. Perpetual Ltd increased its stake in Halliburton by 29.7% in the 2nd quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock worth $22,050,000 after buying an additional 248,015 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Halliburton by 22.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock worth $3,256,000 after buying an additional 23,887 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAL. Wells Fargo & Company cut their price target on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Susquehanna raised their price objective on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. HSBC set a $30.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Citigroup restated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.40.

Halliburton Trading Up 1.1%

HAL opened at $26.83 on Tuesday. The firm has a market cap of $22.88 billion, a P/E ratio of 17.77 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 company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $23.20 and a 200 day moving average of $21.88.

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 during 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% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. As a group, research analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.5%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

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.