Halliburton Company $HAL Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of Halliburton Company (NYSE:HAL) by 59.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,214 shares of the oilfield services company’s stock after acquiring an additional 65,076 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Halliburton were worth $3,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAL. GAMMA Investing LLC grew its holdings in Halliburton by 33.6% during the first quarter. GAMMA Investing LLC now owns 11,619 shares of the oilfield services company’s stock worth $295,000 after acquiring an additional 2,925 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Halliburton by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock worth $4,047,000 after acquiring an additional 40,109 shares during the period. Exchange Traded Concepts LLC grew its holdings in Halliburton by 67.2% during the first quarter. Exchange Traded Concepts LLC now owns 27,374 shares of the oilfield services company’s stock worth $694,000 after acquiring an additional 10,998 shares during the period. Sowell Financial Services LLC grew its holdings in Halliburton by 5.5% during the first quarter. Sowell Financial Services LLC now owns 24,036 shares of the oilfield services company’s stock worth $610,000 after acquiring an additional 1,262 shares during the period. Finally, Great Lakes Retirement Inc. grew its holdings in Halliburton by 8.2% during the first quarter. Great Lakes Retirement Inc. now owns 25,867 shares of the oilfield services company’s stock worth $656,000 after acquiring an additional 1,960 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAL. Wells Fargo & Company cut 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. Royal Bank Of Canada upped their target price on Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Melius started coverage on Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price for the company. The Goldman Sachs Group upped their target price on Halliburton from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Halliburton in a research note on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $30.61.

Halliburton Stock Performance

NYSE HAL opened at $22.43 on Wednesday. The company has a market cap of $19.13 billion, a PE ratio of 10.48 and a beta of 1.02. The stock’s 50 day simple moving average is $22.56 and its 200-day simple moving average is $21.73. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

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, meeting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. As a group, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is 31.78%.

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.