12 52-Week Low Dividend Stocks To Consider

2. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 41

1-Year Share Price Decline as of  September 4: 27%

52 Week Range: $29.15 – $43.85

Halliburton Company (NYSE:HAL) is an American multinational company that offers products and services related to the energy industry. The company manages all aspects of the oil industry, from exploration and drilling to enhancing oil well production capacity. Cyberattacks have significantly troubled the energy sector, and Halliburton is no different. In August, the company revealed that it had experienced a cyberattack. Halliburton stated that it is currently assessing the details and extent of the information that was compromised, but it also noted that the incident is unlikely to have a significant impact. The stock has fallen by over 19% since the start of 2024.

Should the issue be resolved, Halliburton Company (NYSE:HAL) still has potential for growth, as indicated by its recent quarterly earnings. In the second quarter of 2024, the company’s returns and cash flow were robust. Internationally, Halliburton is experiencing strong demand for its services, high activity levels, and tight equipment availability across all major basins. In North America, the company’s strategy to optimize value is yielding shareholder benefits, and it is anticipated that strong returns will persist throughout this cycle. It generated $5.8 billion in revenues, up modestly by 0.6% from the same period last year.

Carillon Tower Advisers emphasized the positive aspects of Halliburton Company (NYSE:HAL) in its Q4 2023 investor letter. Here is what the firm said:

“Halliburton Company (NYSE:HAL) provides equipment and services to the global energy industry. The company’s shares underperformed during the quarter, largely due to downward pressure on crude oil and natural gas prices. Despite this recent move, ongoing discipline among North American shale producers could continue supporting relatively healthy activity growth at current commodity price levels, which should provide stability to service providers such as Haliburton. The company is also poised to benefit from the ongoing, multi-year international and offshore upstream investment cycle that is less dependent on short-term swings in commodity prices.”

Halliburton Company (NYSE:HAL) is a strong dividend payer, having raised its payouts for three consecutive years. Moreover, its cash generation suggests that future dividend payments are likely. In the most recent quarter, it generated $1.1 billion in operating cash flow and its free cash flow came in at $800 million. The company offers a quarterly dividend of $0.17 per share for a dividend yield of 2.33%, as of September 4.

The number of hedge funds tracked by Insider Monkey owning stakes in Halliburton Company (NYSE:HAL) grew to 41 in Q2 2024, from 38 in the previous quarter. These stakes have a total value of nearly $508 million.