Mirae Asset Global Investments Co. Ltd. Buys 68,199 Shares of Halliburton Company $HAL

Mirae Asset Global Investments Co. Ltd. raised its stake in Halliburton Company (NYSE:HAL) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 892,748 shares of the oilfield services company’s stock after acquiring an additional 68,199 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Halliburton were worth $18,194,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC grew its position in Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company’s stock valued at $440,000 after acquiring an additional 17,094 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Halliburton in the second quarter valued at $287,000. V Square Quantitative Management LLC grew its position in Halliburton by 82.1% in the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after acquiring an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Halliburton by 42.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after acquiring an additional 91,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Halliburton by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock valued at $4,047,000 after acquiring an additional 40,109 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 0.3%

Shares of HAL opened at $24.31 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The firm has a market capitalization of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02. The stock’s fifty day simple moving average is $22.42 and its 200-day simple moving average is $21.83.

Halliburton (NYSE:HAL) last issued its quarterly earnings results 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. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.8%. Halliburton’s dividend payout ratio is presently 31.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HAL shares. Melius started coverage on Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a research note on Saturday, September 27th. Royal Bank Of Canada reduced their price objective on Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 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 on the stock. Finally, Barclays reduced their price objective on Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.20.

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.