Boston Partners Purchases 397,237 Shares of Halliburton Company $HAL

Boston Partners boosted its position in shares of Halliburton Company (NYSE:HAL) by 24.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,048,843 shares of the oilfield services company’s stock after purchasing an additional 397,237 shares during the quarter. Boston Partners owned about 0.24% of Halliburton worth $41,780,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of Halliburton by 7.3% during the second quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock valued at $150,000 after acquiring an additional 504 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its stake in Halliburton by 4.3% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after purchasing an additional 559 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Halliburton by 2.6% during the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after purchasing an additional 566 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Halliburton by 5.1% in the first quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock worth $316,000 after purchasing an additional 605 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Halliburton by 0.6% in the second quarter. Yousif Capital Management LLC now owns 112,023 shares of the oilfield services company’s stock worth $2,283,000 after purchasing an additional 618 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HAL. Piper Sandler increased their price objective on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. HSBC set a $30.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday, October 8th. Finally, Melius assumed coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Halliburton Stock Up 0.4%

Shares of HAL stock opened at $25.80 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.56. The stock has a market cap of $21.71 billion, a P/E ratio of 17.08 and a beta of 1.03. The company has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $22.83.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter last year, the company posted $0.73 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. On average, research analysts expect 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, December 24th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Halliburton’s payout ratio is currently 45.03%.

Insider Buying and Selling

In other Halliburton news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

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.