Halliburton (NYSE:HAL) Stock Position Lifted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its holdings in Halliburton (NYSE:HAL) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,886 shares of the oilfield services company’s stock after purchasing an additional 10,575 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Halliburton were worth $3,134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after buying an additional 295 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Halliburton by 3.1% during the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Halliburton by 2.9% during the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares during the last quarter. Finally, Northwest Bank & Trust Co lifted its holdings in shares of Halliburton by 3.2% during the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

HAL opened at $31.94 on Monday. The firm has a market capitalization of $28.06 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 3.92 and a beta of 1.89. The stock’s 50 day moving average price is $29.45 and its two-hundred day moving average price is $31.97. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. On average, equities analysts forecast that Halliburton will post 3.01 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HAL shares. Barclays reduced their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Dbs Bank initiated coverage on Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price objective for the company. Wells Fargo & Company reduced their price objective on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Finally, BMO Capital Markets dropped their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

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.