Assenagon Asset Management S.A. Grows Stake in Halliburton (NYSE:HAL)

Assenagon Asset Management S.A. boosted its position in Halliburton (NYSE:HAL - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 523,831 shares of the oilfield services company's stock after acquiring an additional 223,379 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Halliburton worth $14,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HAL. Geode Capital Management LLC grew its position in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after acquiring an additional 172,505 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock valued at $487,522,000 after buying an additional 3,150,986 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Halliburton by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock valued at $166,815,000 after buying an additional 115,504 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Halliburton by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after acquiring an additional 995,649 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HAL. Barclays reaffirmed an "equal weight" rating and set a $33.00 price target (down previously from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Piper Sandler began coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price for the company. UBS Group downgraded shares of Halliburton from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and an average target price of $38.26.

Halliburton Stock Up 2.3 %

Shares of HAL traded up $0.69 on Friday, hitting $29.96. 14,132,064 shares of the stock traded hands, compared to its average volume of 7,861,310. The company has a market capitalization of $26.32 billion, a PE ratio of 10.44, a P/E/G ratio of 3.36 and a beta of 1.91. Halliburton has a one year low of $25.51 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The business has a 50 day simple moving average of $28.94 and a 200 day simple moving average of $30.16.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, December 4th. Halliburton's dividend payout ratio is currently 23.69%.

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.