Janney Montgomery Scott LLC Has $5.19 Million Stock Holdings in Halliburton (NYSE:HAL)

Janney Montgomery Scott LLC increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 25.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,913 shares of the oilfield services company's stock after buying an additional 38,172 shares during the quarter. Janney Montgomery Scott LLC's holdings in Halliburton were worth $5,191,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAL shares. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 15th. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Morgan Stanley reduced their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Stock Performance

Shares of HAL traded up $0.14 during midday trading on Thursday, hitting $26.51. 9,553,515 shares of the stock traded hands, compared to its average volume of 11,713,035. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. The business's 50 day moving average price is $28.58 and its two-hundred day moving average price is $29.83. The firm has a market capitalization of $23.28 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the firm earned $0.79 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that Halliburton will post 2.94 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company 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. This represents a $0.68 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) 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.