5 Oil Stocks To Buy Amid Ukraine Crisis

In this article, we discuss 5 oil stocks to buy amid the Ukraine crisis. If you want our detailed analysis of these stocks, go directly to 10 Oil Stocks To Buy Amid Ukraine Crisis.

5. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 43

Halliburton Company (NYSE:HAL) is a Texas-based multinational corporation that operates as a leading oil field service company, owning multiple subsidiaries across more than 70 countries. 

On January 24, Halliburton Company (NYSE:HAL) declared a $0.12 per share quarterly dividend, a 166.7% increase from its prior dividend of $0.045. The dividend is payable on March 23, to shareholders of record on March 2. 

Publishing its Q4 earnings on January 24, Halliburton Company (NYSE:HAL) reported above market consensus figures for EPS and revenue. Halliburton Company (NYSE:HAL)’s per share earnings came in at $0.36, and revenue for the period was $4.28 billion.

RBC Capital analyst Keith Mackey on January 25 raised the price target on Halliburton Company (NYSE:HAL) to $34 from $32 and kept an Outperform rating on the shares. The company’s Q4 results topped expectations on most key metrics, and Halliburton Company (NYSE:HAL) increased its dividend earlier than expected. This reflects the management’s confidence in its ability to expand its margins while controlling capital expenditures throughout the cycle, the analyst told investors in a bullish thesis.

Pzena Investment Management held the largest Halliburton Company (NYSE:HAL) stake in Q4 2021, with 38.6 million shares worth $883.35 million. Overall, 43 hedge funds were bullish on Halliburton Company (NYSE:HAL), up from 29 funds in the quarter earlier.