V Square Quantitative Management LLC Acquires 6,861 Shares of Halliburton (NYSE:HAL)

V Square Quantitative Management LLC lifted its holdings in shares of Halliburton (NYSE:HAL) by 46.0% during the second quarter, Holdings Channel.com reports. The firm owned 21,774 shares of the oilfield services company’s stock after acquiring an additional 6,861 shares during the quarter. V Square Quantitative Management LLC’s holdings in Halliburton were worth $736,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HAL. International Assets Investment Management LLC acquired a new position in Halliburton during the 4th quarter worth about $5,166,000. Sequoia Financial Advisors LLC raised its holdings in shares of Halliburton by 83.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,489 shares of the oilfield services company’s stock valued at $741,000 after purchasing an additional 9,300 shares during the period. Cerity Partners LLC boosted its position in shares of Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after purchasing an additional 84,771 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Halliburton by 7.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,524 shares of the oilfield services company’s stock valued at $344,000 after buying an additional 640 shares in the last quarter. Finally, ORG Partners LLC raised its stake in Halliburton by 28.6% during the 4th quarter. ORG Partners LLC now owns 4,236 shares of the oilfield services company’s stock worth $153,000 after buying an additional 941 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Halliburton stock traded down $0.18 during mid-day trading on Wednesday, reaching $30.91. The company’s stock had a trading volume of 4,061,006 shares, compared to its average volume of 7,501,332. The firm’s fifty day moving average price is $33.49 and its two-hundred day moving average price is $35.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a 12-month low of $30.31 and a 12-month high of $43.85. The company has a market capitalization of $27.36 billion, a P/E ratio of 10.75, a PEG ratio of 1.12 and a beta of 1.93.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. Sell-side analysts predict that Halliburton will post 3.18 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $42.00 target price on shares of Halliburton in a report on Monday, July 22nd. The Goldman Sachs Group raised their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Jefferies Financial Group decreased their target price on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company dropped their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Finally, Johnson Rice raised Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.35.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

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.