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

Banco Santander S.A. increased its stake in Halliburton Company (NYSE:HAL) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 489,674 shares of the oilfield services company’s stock after buying an additional 8,969 shares during the period. Banco Santander S.A. owned 0.06% of Halliburton worth $9,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC lifted its position in Halliburton by 4.3% in the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after acquiring an additional 559 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Halliburton by 8.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock valued at $174,000 after acquiring an additional 562 shares in the last quarter. International Assets Investment Management LLC lifted its position in Halliburton by 2.6% in the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after acquiring an additional 566 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Halliburton by 0.8% in the 1st quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock valued at $1,815,000 after acquiring an additional 584 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in Halliburton by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock valued at $316,000 after acquiring an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Piper Sandler upped their price objective on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Melius Research assumed coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective on the stock. Melius started coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Stifel Nicolaus set a $32.00 price target on Halliburton in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Halliburton Price Performance

Shares of Halliburton stock opened at $26.83 on Tuesday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The stock’s fifty day moving average is $23.20 and its 200 day moving average is $21.88. The stock has a market cap of $22.88 billion, a P/E ratio of 17.77 and a beta of 1.02. 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 announced its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the firm earned $0.73 EPS. Halliburton’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. 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.