Oak Thistle LLC Has $1 Million Position in Halliburton (NYSE:HAL)

Oak Thistle LLC increased its position in Halliburton (NYSE:HAL - Free Report) by 224.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,888 shares of the oilfield services company's stock after acquiring an additional 25,513 shares during the period. Oak Thistle LLC's holdings in Halliburton were worth $1,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Country Trust Bank bought a new position in shares of Halliburton in the third quarter worth $36,000. Modus Advisors LLC bought a new position in Halliburton in the 4th quarter valued at about $38,000. Continuum Advisory LLC increased its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after buying an additional 698 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the 3rd quarter worth about $44,000. Finally, Venturi Wealth Management LLC raised its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after buying an additional 412 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Up 1.3 %

Shares of HAL traded up $0.37 during mid-day trading on Thursday, hitting $29.28. 8,287,293 shares of the company's stock were exchanged, compared to its average volume of 9,042,115. The stock has a market cap of $25.72 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 3.36 and a beta of 1.91. The firm has a fifty day moving average of $28.93 and a two-hundred day moving average of $30.19. 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 twelve month low of $25.51 and a twelve month high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. On average, sell-side analysts forecast that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.32%. Halliburton's dividend payout ratio (DPR) is presently 23.69%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America dropped their target price on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Benchmark reissued a "buy" rating and set a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Finally, Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, 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.