Vontobel Holding Ltd. Grows Position in Halliburton Company $HAL

Vontobel Holding Ltd. grew its position in shares of Halliburton Company (NYSE:HAL) by 21.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 129,011 shares of the oilfield services company’s stock after acquiring an additional 23,167 shares during the quarter. Vontobel Holding Ltd.’s holdings in Halliburton were worth $2,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in shares of Halliburton by 8.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock worth $174,000 after buying an additional 562 shares during the last quarter. Mediolanum International Funds Ltd grew its position in Halliburton by 0.8% in the first quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock worth $1,815,000 after acquiring an additional 584 shares in the last quarter. Hills Bank & Trust Co grew its position in Halliburton by 1.6% in the first quarter. Hills Bank & Trust Co now owns 38,733 shares of the oilfield services company’s stock worth $983,000 after acquiring an additional 595 shares in the last quarter. AE Wealth Management LLC grew its position in Halliburton by 5.1% in the first quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock worth $316,000 after acquiring an additional 605 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its stake in shares of Halliburton by 3.7% in the 1st quarter. Argonautica Private Wealth Management Inc. now owns 17,181 shares of the oilfield services company’s stock valued at $436,000 after purchasing an additional 614 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

HAL stock opened at $22.01 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The business has a 50-day moving average price of $22.53 and a 200 day moving average price of $21.77. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The company has a market capitalization of $18.76 billion, a P/E ratio of 10.28 and a beta of 1.02.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 net margin of 8.37% and a return on equity of 21.45%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.80 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 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 of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. Halliburton’s dividend payout ratio is presently 31.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HAL shares. Melius Research began 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. Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Monday, July 28th. Royal Bank Of Canada cut their price objective on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their price target on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Melius began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $30.95.

Halliburton 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.