Meiji Yasuda Asset Management Co Ltd. Has $479,000 Stake in Halliburton (NYSE:HAL)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Halliburton (NYSE:HAL) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,183 shares of the oilfield services company’s stock after buying an additional 1,181 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Halliburton were worth $479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its position in Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock worth $4,806,431,000 after purchasing an additional 377,500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Halliburton by 2.7% in 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 purchasing an additional 2,618,740 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after buying an additional 19,237,784 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after buying an additional 782,093 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Performance

Halliburton stock opened at $29.47 on Friday. The company has a market cap of $26.09 billion, a PE ratio of 10.20, a PEG ratio of 0.95 and a beta of 1.89. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 1 year low of $27.52 and a 1 year high of $43.85. The company’s 50-day moving average is $31.48 and its two-hundred day moving average is $34.84.

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. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Halliburton’s revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.31%. Halliburton’s dividend payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HAL. Evercore ISI dropped their price objective on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Benchmark reissued a “buy” rating and set a $42.00 price target on shares of Halliburton in a report on Monday, July 22nd. Stifel Nicolaus reduced their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, The Goldman Sachs Group reduced their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Halliburton 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.