Scott & Selber Inc. Invests $1.13 Million in Halliburton (NYSE:HAL)

Scott & Selber Inc. purchased a new position in Halliburton (NYSE:HAL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,745 shares of the oilfield services company's stock, valued at approximately $1,126,000.

Several other hedge funds have also bought and sold shares of the stock. Csenge Advisory Group purchased a new position in Halliburton during the first quarter worth $205,000. Geneos Wealth Management Inc. grew its holdings in Halliburton by 127.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,356 shares of the oilfield services company's stock valued at $408,000 after purchasing an additional 5,802 shares during the last quarter. Empirical Finance LLC raised its position in Halliburton by 3.4% in the 1st quarter. Empirical Finance LLC now owns 32,292 shares of the oilfield services company's stock worth $1,273,000 after purchasing an additional 1,072 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Halliburton by 18.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,162 shares of the oilfield services company's stock worth $834,000 after purchasing an additional 3,238 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Halliburton during the first quarter valued at approximately $4,210,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Susquehanna reduced their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Friday. Jefferies Financial Group decreased their target price on Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. The Goldman Sachs Group cut their price target on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. BMO Capital Markets decreased their price objective 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. Finally, TD Cowen dropped their target price on shares of Halliburton from $47.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $40.79.

Halliburton Price Performance

Shares of NYSE:HAL traded down $0.32 during trading on Friday, reaching $29.23. 9,742,008 shares of the company's stock traded hands, compared to its average volume of 8,816,506. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a 50-day simple moving average of $29.10 and a 200-day simple moving average of $32.53. The firm has a market cap of $25.81 billion, a PE ratio of 9.71, a P/E/G ratio of 2.01 and a beta of 1.89.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly 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 net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the business posted $0.79 EPS. Halliburton's revenue was down 1.8% compared to the same quarter last year. As a group, analysts predict that Halliburton will post 3.12 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton's payout ratio is 22.59%.

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.