Hara Capital LLC Buys 1,447 Shares of Halliburton (NYSE:HAL)

Hara Capital LLC boosted its stake in Halliburton (NYSE:HAL) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,377 shares of the oilfield services company’s stock after purchasing an additional 1,447 shares during the period. Hara Capital LLC’s holdings in Halliburton were worth $505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after acquiring an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares during the last quarter. LSV Asset Management boosted its position in Halliburton by 24,954.1% during the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after buying an additional 2,720,000 shares during the period. Vanguard Group Inc. grew its holdings in Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after acquiring an additional 1,681,620 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HAL. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Johnson Rice raised Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $44.00 to $37.00 in a research report on Friday, September 13th. Finally, Morgan Stanley reduced their price objective on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Four equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Stock Down 4.9 %

Shares of HAL traded down $1.49 during trading hours on Thursday, reaching $29.01. The stock had a trading volume of 4,915,944 shares, compared to its average volume of 7,988,704. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.85 and a beta of 1.89. The firm has a 50-day simple moving average of $29.17 and a 200 day simple moving average of $32.62. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is presently 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.