Point72 Asset Management L.P. Invests $56.90 Million in Halliburton (HAL)

Point72 Asset Management L.P. acquired a new stake in shares of Halliburton (NYSE:HAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,212,165 shares of the oilfield services company’s stock, valued at approximately $56,899,000. Point72 Asset Management L.P. owned approximately 0.14% of Halliburton as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Halliburton by 3.9% during the 4th quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after purchasing an additional 2,421,658 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Halliburton during the 4th quarter worth $105,979,000. Russell Investments Group Ltd. raised its position in Halliburton by 337.5% during the 1st quarter. Russell Investments Group Ltd. now owns 2,710,195 shares of the oilfield services company’s stock worth $126,669,000 after purchasing an additional 2,090,791 shares during the last quarter. Key Square Capital Management LLC raised its position in Halliburton by 204.2% during the 1st quarter. Key Square Capital Management LLC now owns 2,648,429 shares of the oilfield services company’s stock worth $124,317,000 after purchasing an additional 1,777,722 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Halliburton by 409.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock worth $107,670,000 after purchasing an additional 1,770,781 shares during the last quarter. 79.60% of the stock is currently owned by institutional investors.

Halliburton stock opened at $47.67 on Thursday. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $41.92 billion, a P/E ratio of 39.07, a PEG ratio of 2.41 and a beta of 1.02.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. Halliburton’s revenue for the quarter was up 34.1% on a year-over-year basis. analysts predict that Halliburton will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $0.72 annualized dividend and a yield of 1.51%. Halliburton’s payout ratio is 59.02%.

Several research analysts recently issued reports on HAL shares. Zacks Investment Research lowered Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Jefferies Financial Group set a $62.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Barclays reissued a “buy” rating and issued a $64.00 price objective on shares of Halliburton in a research report on Thursday, April 19th. Finally, Bank of America lowered Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $59.08.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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