Axa S.A. Has $3.92 Million Stake in Halliburton (NYSE:HAL)

Axa S.A. lowered its stake in shares of Halliburton (NYSE:HAL) by 21.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 116,116 shares of the oilfield services company’s stock after selling 32,149 shares during the period. Axa S.A.’s holdings in Halliburton were worth $3,922,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank raised its holdings in Halliburton by 4.3% in the 2nd quarter. Toronto Dominion Bank now owns 529,086 shares of the oilfield services company’s stock valued at $17,873,000 after acquiring an additional 21,880 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Halliburton by 59.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 170,477 shares of the oilfield services company’s stock valued at $5,759,000 after purchasing an additional 63,615 shares in the last quarter. Marshall Wace LLP lifted its position in Halliburton by 187.8% in the second quarter. Marshall Wace LLP now owns 1,048,793 shares of the oilfield services company’s stock worth $35,428,000 after purchasing an additional 684,413 shares during the period. Bank of Montreal Can boosted its stake in Halliburton by 3.8% during the second quarter. Bank of Montreal Can now owns 889,398 shares of the oilfield services company’s stock worth $30,044,000 after buying an additional 32,258 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Halliburton by 3.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 153,820 shares of the oilfield services company’s stock valued at $5,196,000 after buying an additional 4,997 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $28.65 on Monday. The firm has a 50 day simple moving average of $30.82 and a 200 day simple moving average of $34.57. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The firm has a market cap of $25.36 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.02 and a beta of 1.89.

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

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HAL. Bank of America reduced their price objective 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. Jefferies Financial Group decreased their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Piper Sandler lowered their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley cut their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Benchmark reiterated a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.56.

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.