ASR Vermogensbeheer N.V. Has $15.02 Million Stock Position in Halliburton Company $HAL

ASR Vermogensbeheer N.V. lifted its stake in shares of Halliburton Company (NYSE:HALFree Report) by 37.3% during the second quarter, HoldingsChannel reports. The firm owned 737,079 shares of the oilfield services company’s stock after acquiring an additional 200,152 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Halliburton were worth $15,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of Halliburton during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC lifted its stake in Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 656 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Halliburton in the 1st quarter valued at about $37,000. Bartlett & CO. Wealth Management LLC lifted its stake in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Halliburton by 830.5% in the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock valued at $52,000 after purchasing an additional 1,827 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HAL shares. Susquehanna cut their target price on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Melius Research started coverage on shares of Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Stifel Nicolaus cut their target price on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Piper Sandler downgraded shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Monday, July 28th. Finally, Royal Bank Of Canada cut their target price on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.37.

View Our Latest Stock Analysis on Halliburton

Halliburton Trading Up 1.4%

Shares of HAL stock opened at $24.94 on Thursday. The firm has a 50 day moving average price of $22.35 and a two-hundred day moving average price of $21.86. 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 company has a market capitalization of $21.26 billion, a PE ratio of 11.65 and a beta of 1.02. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57.

Halliburton (NYSE:HALGet Free Report) last issued 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 firm had revenue of $5.51 billion during 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%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. As a group, analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. Halliburton’s dividend payout ratio (DPR) is currently 31.78%.

Halliburton Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HALFree Report).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.