127,336 Shares in Halliburton Company $HAL Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 127,336 shares of the oilfield services company’s stock, valued at approximately $2,595,000.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of Halliburton during the first quarter worth approximately $30,000. Hexagon Capital Partners LLC raised its position in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 656 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Halliburton during the first quarter valued at approximately $37,000. Bartlett & CO. Wealth Management LLC raised its position in Halliburton by 109.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after acquiring an additional 993 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in Halliburton by 756.2% during the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 1,883 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HAL shares. Piper Sandler lowered 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. Melius Research started coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective on the stock. Susquehanna cut their price objective on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. UBS Group raised their price objective on shares of Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.95.

Halliburton Trading Down 2.1%

Shares of Halliburton stock opened at $23.42 on Friday. The company’s fifty day simple moving average is $22.52 and its 200-day simple moving average is $21.82. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 10.94 and a beta of 1.02. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting 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 net margin of 8.37% and a return on equity of 21.45%. Halliburton’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. As a group, sell-side analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.9%. Halliburton’s payout ratio is currently 31.78%.

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.