Hantz Financial Services Inc. Increases Holdings in Halliburton (NYSE:HAL)

Hantz Financial Services Inc. grew its holdings in Halliburton (NYSE:HAL - Free Report) by 237.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,639 shares of the oilfield services company's stock after purchasing an additional 15,925 shares during the period. Hantz Financial Services Inc.'s holdings in Halliburton were worth $616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC lifted its holdings in Halliburton by 14.8% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 523,390 shares of the oilfield services company's stock valued at $15,649,000 after purchasing an additional 67,495 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Halliburton by 4.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,077 shares of the oilfield services company's stock valued at $2,259,000 after buying an additional 3,287 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after buying an additional 1,748,763 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Halliburton during the 4th quarter valued at approximately $351,000. Finally, Blue Trust Inc. increased its holdings in Halliburton by 17.3% in the 4th quarter. Blue Trust Inc. now owns 16,000 shares of the oilfield services company's stock worth $465,000 after purchasing an additional 2,359 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

HAL has been the subject of several recent research reports. Morgan Stanley decreased their price target on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Susquehanna decreased their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a report on Friday, November 8th. Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Finally, Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Price Performance

Shares of NYSE:HAL traded down $0.56 during trading on Friday, reaching $25.99. The company had a trading volume of 11,605,717 shares, compared to its average volume of 10,649,956. The company has a fifty day moving average of $28.35 and a two-hundred day moving average of $29.70. The stock has a market capitalization of $22.83 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 3.65 and a beta of 1.91. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 26.03% and a net margin of 10.90%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 EPS. Equities research analysts forecast that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given 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 2.62%. Halliburton's payout ratio is 24.03%.

Halliburton Company 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.