AM Squared Ltd Purchases New Holdings in Halliburton (NYSE:HAL)

AM Squared Ltd purchased a new stake in Halliburton (NYSE:HAL) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,700 shares of the oilfield services company’s stock, valued at approximately $226,000. Halliburton makes up approximately 0.6% of AM Squared Ltd’s holdings, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors lifted its stake in Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Sanders Capital LLC lifted its stake in Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares in the last quarter. Finally, Norges Bank purchased a new position in Halliburton in the 4th quarter worth approximately $400,070,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HAL shares. Evercore ISI decreased their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada decreased their target price on shares of Halliburton from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group cut their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday. Bank of America cut their price target on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Citigroup cut their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.88.

Halliburton Stock Down 0.9 %

Shares of NYSE:HAL traded down $0.29 during trading on Friday, hitting $31.09. The company’s stock had a trading volume of 11,287,258 shares, compared to its average volume of 6,803,783. The business has a 50 day moving average price of $32.88 and a two-hundred day moving average price of $35.48. The company has a market capitalization of $27.45 billion, a PE ratio of 10.76, a P/E/G ratio of 1.06 and a beta of 1.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a fifty-two week low of $30.31 and a fifty-two week high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts expect that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.