CWA Asset Management Group LLC Invests $5.11 Million in Halliburton (NYSE:HAL)

CWA Asset Management Group LLC acquired a new position in shares of Halliburton (NYSE:HAL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 175,836 shares of the oilfield services company's stock, valued at approximately $5,108,000.

Several other hedge funds have also modified their holdings of HAL. Price T Rowe Associates Inc. MD raised its stake in Halliburton by 46.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company's stock valued at $2,408,171,000 after buying an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. LSV Asset Management lifted its stake in Halliburton by 24,954.1% during the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company's stock worth $92,250,000 after purchasing an additional 2,720,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Halliburton by 2.7% in the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company's stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock valued at $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL traded down $0.32 during mid-day trading on Friday, hitting $29.23. The company's stock had a trading volume of 9,742,008 shares, compared to its average volume of 8,816,506. The firm has a 50-day simple moving average of $29.10 and a 200 day simple moving average of $32.53. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The firm has a market capitalization of $25.81 billion, a P/E ratio of 9.71, a P/E/G ratio of 2.01 and a beta of 1.89. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL - Get Free Report) last issued its 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). The company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. Halliburton's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Analysts predict that Halliburton will post 3.12 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. Halliburton's dividend payout ratio (DPR) is presently 22.59%.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Piper Sandler dropped their price objective on Halliburton from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. Raymond James cut their target price on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, July 22nd. Finally, Dbs Bank started coverage on Halliburton in a research report on Wednesday, September 18th. They set a "buy" rating and a $45.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Halliburton presently has an average rating of "Moderate Buy" and a consensus target price of $40.79.

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.