Loomis Sayles & Co. L P lifted its position in Halliburton (NYSE:HAL) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,929 shares of the oilfield services company’s stock after buying an additional 73,278 shares during the period. Loomis Sayles & Co. L P owned about 0.05% of Halliburton worth $21,213,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new position in shares of Halliburton during the fourth quarter worth approximately $128,000. CNB Bank boosted its position in Halliburton by 110.5% in the first quarter. CNB Bank now owns 2,991 shares of the oilfield services company’s stock valued at $140,000 after buying an additional 1,570 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Halliburton in the fourth quarter valued at approximately $147,000. Princeton Capital Management LLC acquired a new stake in Halliburton in the first quarter valued at approximately $147,000. Finally, Nicolet Bankshares Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $193,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.
A number of brokerages have recently commented on HAL. Wells Fargo & Co lifted their price target on shares of Halliburton from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Bank of America raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Thursday, May 10th. Credit Suisse Group set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, April 23rd. BMO Capital Markets set a $63.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Finally, ValuEngine upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the stock. Halliburton has an average rating of “Buy” and an average target price of $59.08.
Shares of HAL opened at $46.62 on Tuesday. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The firm has a market capitalization of $40.82 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.35 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business’s revenue was up 34.1% compared to the same quarter last year. analysts anticipate that Halliburton will post 2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.