Mediolanum International Funds Ltd Acquires 23,340 Shares of Halliburton (NYSE:HAL)

Mediolanum International Funds Ltd increased its position in Halliburton (NYSE:HAL - Free Report) by 48.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,797 shares of the oilfield services company's stock after acquiring an additional 23,340 shares during the quarter. Mediolanum International Funds Ltd's holdings in Halliburton were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Country Trust Bank bought a new stake in shares of Halliburton during the 3rd quarter valued at $36,000. Modus Advisors LLC purchased a new stake in Halliburton in the 4th quarter worth $38,000. Continuum Advisory LLC lifted its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after acquiring an additional 698 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Halliburton in the third quarter worth about $44,000. Finally, Venturi Wealth Management LLC grew its position in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after purchasing an additional 412 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target on the stock. Susquehanna dropped their target price on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research report on Friday, November 8th. 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 report on Wednesday, January 15th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Finally, Bank of America reduced their target price on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

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Halliburton Trading Down 3.1 %

NYSE HAL traded down $0.83 during trading on Thursday, hitting $25.47. The stock had a trading volume of 10,464,124 shares, compared to its average volume of 11,523,107. Halliburton has a one year low of $25.21 and a one year high of $41.56. The stock has a 50 day simple moving average of $28.00 and a 200 day simple moving average of $29.50. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 3.60 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data 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 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Halliburton's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Wednesday, December 4th. Halliburton's payout ratio is presently 24.03%.

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.