AG2R LA Mondiale Gestion D Actifs Invests $2.52 Million in Halliburton Company $HAL

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Halliburton Company (NYSE:HAL) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 99,391 shares of the oilfield services company’s stock, valued at approximately $2,522,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its stake in Halliburton by 13,675.2% in the 1st quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company’s stock valued at $440,000 after acquiring an additional 17,094 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Halliburton by 42.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after acquiring an additional 91,791 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Halliburton by 33.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock valued at $4,047,000 after acquiring an additional 40,109 shares during the period. Concurrent Investment Advisors LLC grew its stake in Halliburton by 22.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock valued at $3,256,000 after acquiring an additional 23,887 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Halliburton by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company’s stock valued at $70,530,000 after acquiring an additional 67,704 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 0.3%

NYSE HAL opened at $22.25 on Friday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $21.85 and its 200-day simple moving average is $21.98. The firm has a market cap of $18.97 billion, a PE ratio of 10.40 and a beta of 1.10.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 3rd. Halliburton’s payout ratio is currently 31.78%.

Analyst Ratings Changes

HAL has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley decreased their price objective on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Susquehanna decreased their price objective on Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Stifel Nicolaus decreased their price objective on Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

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.