Versor Investments LP Buys Shares of 44,384 Halliburton (NYSE:HAL)

Versor Investments LP purchased a new position in Halliburton (NYSE:HAL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 44,384 shares of the oilfield services company's stock, valued at approximately $1,289,000.

Several other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its holdings in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock valued at $38,000 after buying an additional 822 shares during the period. Crewe Advisors LLC acquired a new position in Halliburton during the first quarter valued at $46,000. Country Trust Bank acquired a new position in Halliburton during the third quarter valued at $36,000. Beacon Capital Management LLC raised its position in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock worth $54,000 after acquiring an additional 309 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in shares of Halliburton in the third quarter worth about $44,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HAL shares. Barclays dropped their price objective on shares of Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday. Piper Sandler lowered their price objective on shares of Halliburton from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their target price on shares of Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada cut Halliburton from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Finally, Bank of America dropped their price target on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.79.

Halliburton Stock Performance

NYSE HAL traded up $0.06 on Tuesday, hitting $30.19. 8,948,001 shares of the stock traded hands, compared to its average volume of 8,059,561. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.54 and a current ratio of 2.21. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.93 and a beta of 1.89. The business's fifty day moving average is $29.08 and its two-hundred day moving average is $32.39.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.83 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Halliburton's revenue was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Halliburton will post 3.09 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.25%. Halliburton's dividend payout ratio is presently 23.69%.

About Halliburton

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.