V Square Quantitative Management LLC Has $756,000 Holdings in Halliburton (NYSE:HAL)

V Square Quantitative Management LLC increased its position in shares of Halliburton (NYSE:HAL) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,014 shares of the oilfield services company’s stock after purchasing an additional 4,240 shares during the period. V Square Quantitative Management LLC’s holdings in Halliburton were worth $756,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital World Investors increased its holdings in Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares during the period. Vanguard Group Inc. boosted its position in shares of Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after acquiring an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Halliburton by 46.0% in the first 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 acquiring an additional 19,237,784 shares during the period. Pacer Advisors Inc. lifted its stake in Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after purchasing an additional 13,552,927 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL stock opened at $28.34 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.83. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.04 and a beta of 1.88. The stock has a 50-day moving average price of $30.00 and a 200 day moving average price of $33.74.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business 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 revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. Research analysts expect that Halliburton will post 3.13 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.40%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HAL shares. Benchmark restated a “buy” rating and set a $42.00 target price on shares of Halliburton in a research report on Monday, July 22nd. Barclays dropped their price objective on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus reduced their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. The Goldman Sachs Group lowered their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, UBS Group cut their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.74.

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.