AlphaQuest LLC Has $458,000 Stake in Halliburton Company $HAL

AlphaQuest LLC trimmed its position in shares of Halliburton Company (NYSE:HAL) by 79.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,453 shares of the oilfield services company’s stock after selling 85,848 shares during the quarter. AlphaQuest LLC’s holdings in Halliburton were worth $458,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of Halliburton during the first quarter worth approximately $30,000. Hexagon Capital Partners LLC raised its position in shares of Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 656 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Halliburton during the first quarter worth approximately $37,000. Bartlett & CO. Wealth Management LLC raised its position in shares of 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 worth $39,000 after purchasing an additional 993 shares during the period. Finally, McIlrath & Eck LLC raised its position in shares of Halliburton by 756.2% during the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 1,883 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Up 3.1%

Shares of NYSE:HAL opened at $27.45 on Thursday. The company has a market capitalization of $23.11 billion, a PE ratio of 18.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The business has a fifty day moving average price of $23.44 and a two-hundred day moving average price of $21.97. 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, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders 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 annualized dividend and a dividend yield of 2.5%. Halliburton’s dividend payout ratio is presently 45.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HAL shares. Piper Sandler increased their price target on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group increased their price target on Halliburton from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Melius Research started coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Finally, Susquehanna increased their price target on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

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.