New Wave Wealth Advisors LLC Takes Position in Halliburton (NYSE:HAL)

New Wave Wealth Advisors LLC purchased a new position in Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,774 shares of the oilfield services company's stock, valued at approximately $375,000.

Several other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the period. Pacer Advisors Inc. raised its position in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after acquiring an additional 3,150,986 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Halliburton during the 3rd quarter worth $55,132,000. Thrivent Financial for Lutherans increased its stake in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock worth $160,367,000 after purchasing an additional 995,649 shares in the last quarter. Finally, Banco Santander S.A. bought a new position in Halliburton in the 3rd quarter worth $13,085,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HAL shares. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, Bank of America lowered their price objective on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Trading Down 2.1 %

HAL traded down $0.56 on Friday, hitting $25.99. The company had a trading volume of 11,605,717 shares, compared to its average volume of 10,649,956. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business's fifty day simple moving average is $28.35 and its 200 day simple moving average is $29.70. The company has a market cap of $22.83 billion, a PE ratio of 9.18, a PEG ratio of 3.65 and a beta of 1.91.

Halliburton (NYSE:HAL - Get Free Report) last released 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 10.90% and a return on equity of 26.03%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. Equities research analysts expect that Halliburton will post 2.67 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

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.