Czech National Bank Has $5.18 Million Stock Holdings in Halliburton (NYSE:HAL)

Czech National Bank boosted its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,477 shares of the oilfield services company's stock after acquiring an additional 10,636 shares during the quarter. Czech National Bank's holdings in Halliburton were worth $5,179,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. boosted its stake in shares of Halliburton by 7.8% during the 2nd quarter. Federated Hermes Inc. now owns 39,719 shares of the oilfield services company's stock valued at $1,342,000 after buying an additional 2,885 shares during the period. Parallel Advisors LLC lifted its stake in shares of Halliburton by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 9,300 shares of the oilfield services company's stock valued at $314,000 after purchasing an additional 1,102 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Halliburton by 30.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 737,569 shares of the oilfield services company's stock worth $24,915,000 after acquiring an additional 171,111 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Halliburton by 2.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 35,163 shares of the oilfield services company's stock worth $1,188,000 after acquiring an additional 680 shares during the period. Finally, Virtu Financial LLC bought a new position in Halliburton in the 2nd quarter worth $2,357,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Piper Sandler began coverage on shares of Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Finally, Evercore ISI reduced their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.26.

Halliburton Trading Up 1.3 %

Shares of HAL traded up $0.37 on Thursday, reaching $29.28. 8,386,033 shares of the company's stock were exchanged, compared to its average volume of 9,290,593. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $25.72 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. The business has a 50 day moving average price of $28.93 and a two-hundred day moving average price of $30.19. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56.

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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts anticipate that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio is 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.