UBS Group AG Purchases 137,222 Shares of Halliburton (NYSE:HAL)

UBS Group AG boosted its position in shares of Halliburton (NYSE:HALFree Report) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,237,806 shares of the oilfield services company’s stock after acquiring an additional 137,222 shares during the period. UBS Group AG owned 0.25% of Halliburton worth $90,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Halliburton by 259.5% during the first quarter. Sei Investments Co. now owns 166,407 shares of the oilfield services company’s stock valued at $6,281,000 after buying an additional 120,122 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Halliburton by 70.5% during the first quarter. Canada Pension Plan Investment Board now owns 128,001 shares of the oilfield services company’s stock valued at $4,847,000 after buying an additional 52,933 shares during the last quarter. Prudential PLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $696,000. Parkside Financial Bank & Trust raised its position in shares of Halliburton by 81.5% during the first quarter. Parkside Financial Bank & Trust now owns 2,347 shares of the oilfield services company’s stock valued at $89,000 after buying an additional 1,054 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Halliburton by 83.7% during the first quarter. Covestor Ltd now owns 3,384 shares of the oilfield services company’s stock valued at $128,000 after buying an additional 1,542 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HAL shares. TD Cowen lifted their price objective on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna reduced their price target on shares of Halliburton from $51.00 to $49.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. UBS Group boosted their price target on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Finally, Atb Cap Markets cut shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $48.63.

Get Our Latest Stock Report on HAL

Halliburton Stock Down 1.5 %

NYSE HAL opened at $34.51 on Monday. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $38.30. The firm has a market cap of $30.72 billion, a PE ratio of 11.78, a P/E/G ratio of 0.86 and a beta of 2.01.

Halliburton (NYSE:HALGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, equities analysts anticipate that Halliburton will post 3.43 earnings per share for the current year.

Halliburton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a $0.17 dividend. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, March 5th. Halliburton’s payout ratio is 21.84%.

Halliburton Company Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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