Asset Planning Services Ltd. increased its holdings in Halliburton (NYSE:HAL) by 903.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,254 shares of the oilfield services company’s stock after acquiring an additional 1,129 shares during the quarter. Asset Planning Services Ltd.’s holdings in Halliburton were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in HAL. Flagship Harbor Advisors LLC increased its holdings in shares of Halliburton by 8.4% during the first quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock valued at $128,000 after acquiring an additional 342 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in shares of Halliburton by 46.0% during the first quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 395 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Halliburton by 8.6% during the first quarter. Tompkins Financial Corp now owns 5,060 shares of the oilfield services company’s stock valued at $148,000 after acquiring an additional 400 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of Halliburton by 1.5% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 27,485 shares of the oilfield services company’s stock valued at $731,000 after acquiring an additional 409 shares in the last quarter. Finally, Regent Investment Management LLC increased its holdings in shares of Halliburton by 4.2% during the second quarter. Regent Investment Management LLC now owns 11,150 shares of the oilfield services company’s stock valued at $254,000 after acquiring an additional 445 shares in the last quarter. 77.43% of the stock is owned by institutional investors.
HAL has been the topic of several recent analyst reports. Zacks Investment Research cut Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Cowen reissued a “buy” rating and issued a $32.00 target price on shares of Allegheny Technologies in a research report on Tuesday. Citigroup raised SemGroup from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday. SunTrust Banks set a $75.00 target price on Cimarex Energy and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Barclays dropped their target price on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.25.
NYSE:HAL traded down $0.09 during trading hours on Friday, reaching $23.13. The stock had a trading volume of 200,500 shares, compared to its average volume of 13,957,682. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.57. Halliburton has a 52 week low of $20.98 and a 52 week high of $42.89. The company’s 50 day moving average price is $22.59. The company has a market capitalization of $20.79 billion, a PE ratio of 12.18, a PEG ratio of 2.83 and a beta of 1.30.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Halliburton will post 1.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, June 4th. Halliburton’s dividend payout ratio is currently 37.89%.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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