Halliburton (NYSE:HAL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP increased its holdings in Halliburton (NYSE:HAL - Free Report) by 862.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,012 shares of the oilfield services company's stock after purchasing an additional 62,741 shares during the quarter. Aigen Investment Management LP's holdings in Halliburton were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Rakuten Securities Inc. grew its stake in shares of Halliburton by 5,617.1% in the third quarter. Rakuten Securities Inc. now owns 2,001 shares of the oilfield services company's stock worth $58,000 after purchasing an additional 1,966 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Halliburton during the 3rd quarter valued at approximately $225,000. GSA Capital Partners LLP bought a new stake in Halliburton during the 3rd quarter valued at approximately $1,169,000. Entropy Technologies LP boosted its position in Halliburton by 157.6% during the 3rd quarter. Entropy Technologies LP now owns 124,983 shares of the oilfield services company's stock valued at $3,631,000 after acquiring an additional 76,458 shares in the last quarter. Finally, Versor Investments LP bought a new stake in Halliburton during the 3rd quarter valued at approximately $1,289,000. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

HAL stock traded up $0.06 during mid-day trading on Tuesday, hitting $30.19. The company had a trading volume of 8,940,775 shares, compared to its average volume of 8,059,561. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.89. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $29.08 and a 200 day moving average price of $32.39.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Halliburton will post 3.09 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Wednesday, September 4th. Halliburton's dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group cut their price objective on Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Benchmark reiterated a "buy" rating and set a $40.00 target price on shares of Halliburton in a report on Friday. Johnson Rice upgraded shares of Halliburton to a "moderate buy" rating in a report on Friday, July 19th. BMO Capital Markets decreased their price objective on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, October 10th. Finally, Royal Bank of Canada lowered shares of Halliburton from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $40.79.

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.