Integrated Wealth Concepts LLC boosted its stake in Halliburton (NYSE:HAL - Free Report) by 52.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,191 shares of the oilfield services company's stock after acquiring an additional 29,146 shares during the period. Integrated Wealth Concepts LLC's holdings in Halliburton were worth $2,446,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in shares of Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company's stock valued at $474,000 after acquiring an additional 295 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock worth $4,480,000 after purchasing an additional 390 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after buying an additional 393 shares during the last quarter. Northwest Bank & Trust Co boosted its holdings in shares of Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company's stock valued at $377,000 after buying an additional 397 shares during the period. Finally, Venturi Wealth Management LLC grew 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 valued at $47,000 after buying an additional 412 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.
Halliburton Price Performance
Shares of NYSE HAL traded down $1.24 during trading on Friday, hitting $28.78. The company had a trading volume of 10,347,226 shares, compared to its average volume of 9,146,110. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The business's 50-day moving average is $29.87 and its 200 day moving average is $31.67. The company has a market cap of $25.28 billion, a P/E ratio of 10.03, a PEG ratio of 3.78 and a beta of 1.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.
Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS 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 analysts' expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. Equities research analysts predict that Halliburton will post 3 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.36%. Halliburton's dividend payout ratio (DPR) is presently 23.69%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HAL. Raymond James cut their target price on shares of Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a report on Friday, November 8th. Barclays reduced their target price on shares of Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada lowered shares of Halliburton from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Stifel Nicolaus reduced their price objective on Halliburton from $45.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Finally, Benchmark restated a "buy" rating and issued a $40.00 target price on shares of Halliburton in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.74.
Get Our Latest Stock Report on HAL
Halliburton Profile
(
Free Report)
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.
Further Reading
Before you consider Halliburton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Halliburton wasn't on the list.
While Halliburton currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.