Inspire Investing LLC Has $316,000 Position in Halliburton Company $HAL

Inspire Investing LLC grew its position in Halliburton Company (NYSE:HAL) by 31.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,447 shares of the oilfield services company’s stock after purchasing an additional 2,985 shares during the period. Inspire Investing LLC’s holdings in Halliburton were worth $316,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Halliburton by 450.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after buying an additional 24,506,472 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Invesco Ltd. grew its stake in Halliburton by 7.3% in the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock valued at $274,349,000 after purchasing an additional 731,105 shares in the last quarter. LSV Asset Management lifted its stake in Halliburton by 3.3% in the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock valued at $155,088,000 after acquiring an additional 193,022 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock worth $133,949,000 after buying an additional 282,492 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 0.7%

HAL opened at $22.26 on Thursday. The company has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $21.90. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market cap of $18.98 billion, a P/E ratio of 10.40 and a beta of 1.10.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The firm 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%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. Analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. Halliburton’s dividend payout ratio (DPR) is currently 31.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Susquehanna lowered their target price on Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their price target on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Piper Sandler cut Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Monday, July 28th. UBS Group upped their price target on shares of Halliburton from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Finally, Melius Research started coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $31.37.

Halliburton 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.