Halliburton (NYSE:HAL) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in Halliburton (NYSE:HAL) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,401,230 shares of the oilfield services company’s stock after buying an additional 166,216 shares during the quarter. Citigroup Inc. owned about 0.16% of Halliburton worth $32,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HAL. Prentice Wealth Management LLC acquired a new stake in shares of Halliburton in the 1st quarter valued at approximately $33,000. E Fund Management Co. Ltd. acquired a new stake in shares of Halliburton in the 1st quarter valued at approximately $34,000. Alpha DNA Investment Management LLC lifted its holdings in shares of Halliburton by 88.9% in the 1st quarter. Alpha DNA Investment Management LLC now owns 2,645 shares of the oilfield services company’s stock valued at $56,000 after buying an additional 1,245 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Halliburton in the 1st quarter valued at approximately $68,000. Finally, Eukles Asset Management lifted its holdings in shares of Halliburton by 205.7% in the 2nd quarter. Eukles Asset Management now owns 3,250 shares of the oilfield services company’s stock valued at $75,000 after buying an additional 2,187 shares during the period. 76.66% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HAL opened at $20.59 on Friday. The company has a market cap of $18.34 billion, a P/E ratio of 128.70 and a beta of 2.84. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 1.68. Halliburton has a 52 week low of $10.60 and a 52 week high of $25.00. The business has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $21.58.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 19th. The oilfield services company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. Halliburton had a return on equity of 12.64% and a net margin of 1.08%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Sell-side analysts expect that Halliburton will post 1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, August 31st. Halliburton’s dividend payout ratio is currently 27.69%.

Several analysts have recently commented on HAL shares. HSBC raised Halliburton from a “reduce” rating to a “hold” rating and raised their price target for the company from $15.80 to $18.20 in a report on Thursday, August 5th. COKER & PALMER raised Halliburton from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 30th. BNP Paribas raised Halliburton from an “underperform” rating to a “neutral” rating and set a $23.00 price objective for the company in a report on Wednesday, July 21st. Barclays lifted their price objective on Halliburton from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Halliburton in a report on Thursday, September 9th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $23.75.

Halliburton Company Profile

Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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