Perpetual Ltd Has $22.84 Million Holdings in Halliburton (NYSE:HAL)

Perpetual Ltd decreased its holdings in Halliburton (NYSE:HAL) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 840,066 shares of the oilfield services company’s stock after selling 24,545 shares during the quarter. Perpetual Ltd’s holdings in Halliburton were worth $22,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Halliburton by 440.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,227 shares of the oilfield services company’s stock valued at $75,000 after purchasing an additional 1,815 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Halliburton by 146.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock worth $28,455,000 after buying an additional 500,000 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Halliburton by 77.6% during the 2nd quarter. AE Wealth Management LLC now owns 10,863 shares of the oilfield services company’s stock worth $367,000 after buying an additional 4,746 shares during the period. Sei Investments Co. grew its stake in Halliburton by 34.6% in the 2nd quarter. Sei Investments Co. now owns 201,100 shares of the oilfield services company’s stock valued at $6,793,000 after buying an additional 51,679 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Halliburton by 123.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 21,090 shares of the oilfield services company’s stock valued at $712,000 after acquiring an additional 11,639 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

Halliburton stock opened at $29.96 on Tuesday. The business has a 50 day moving average of $28.94 and a 200-day moving average of $30.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56. The company has a market capitalization of $26.32 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.76 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS. On average, equities research analysts predict that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research analyst reports. Susquehanna reduced their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective on the stock. Barclays reissued an “equal weight” rating and set a $33.00 target price (down previously from $43.00) on shares of Halliburton in a report on Wednesday, December 18th. BMO Capital Markets decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Finally, UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.26.

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.