Ballast Inc. Boosts Stock Holdings in Halliburton (NYSE:HAL)

Ballast Inc. raised its position in Halliburton (NYSE:HAL - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,045 shares of the oilfield services company's stock after purchasing an additional 9,943 shares during the quarter. Ballast Inc.'s holdings in Halliburton were worth $681,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new position in shares of Halliburton in the third quarter valued at approximately $36,000. Modus Advisors LLC purchased a new position in Halliburton in the 4th quarter valued at approximately $38,000. Continuum Advisory LLC grew its stake in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after acquiring an additional 698 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Halliburton during the third quarter worth $44,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after acquiring an additional 412 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of Halliburton stock traded up $0.69 during trading on Monday, reaching $29.96. The company's stock had a trading volume of 14,132,064 shares, compared to its average volume of 7,861,310. The company has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $30.11. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. The firm has a market cap of $26.32 billion, a PE ratio of 10.44, a P/E/G ratio of 3.36 and a beta of 1.91. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL - Get Free Report) last posted 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts forecast that Halliburton will post 2.99 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. Halliburton's dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analyst Weigh In

HAL has been the subject of several analyst reports. Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Piper Sandler started coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price on the stock. Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a report on Friday, November 8th. Finally, Benchmark restated a "buy" rating and issued a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.26.

About Halliburton

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.