Dimensional Fund Advisors LP Has $340.75 Million Stock Position in Halliburton (NYSE:HAL)

Dimensional Fund Advisors LP boosted its holdings in Halliburton (NYSE:HAL) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,087,115 shares of the oilfield services company’s stock after buying an additional 1,681,620 shares during the period. Dimensional Fund Advisors LP owned approximately 1.14% of Halliburton worth $340,752,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Halliburton by 46.0% during the 1st 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 purchasing an additional 19,237,784 shares during the last quarter. Norges Bank acquired a new position in shares of Halliburton during the fourth quarter valued at about $400,070,000. LSV Asset Management lifted its stake in shares of Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after buying an additional 2,720,000 shares during the period. Vanguard Group Inc. grew its position in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after buying an additional 2,618,740 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Halliburton by 116.9% during the first quarter. Principal Financial Group Inc. now owns 2,483,230 shares of the oilfield services company’s stock valued at $97,889,000 after acquiring an additional 1,338,371 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of a number of research reports. Barclays reduced their price objective on Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. Benchmark reiterated a “buy” rating and set a $42.00 price target on shares of Halliburton in a research note on Monday, July 22nd. Johnson Rice raised shares of Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Citigroup reduced their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Jefferies Financial Group lowered their target price on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.88.

Halliburton Stock Up 1.9 %

Shares of NYSE HAL opened at $28.41 on Tuesday. Halliburton has a 12-month low of $27.52 and a 12-month high of $43.85. The firm’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $35.00. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. Halliburton’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. On average, research analysts expect that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.39%. Halliburton’s payout ratio is 23.53%.

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.