Halliburton (NYSE:HAL) Shares Purchased by Advisory Resource Group

Advisory Resource Group increased its holdings in shares of Halliburton (NYSE:HAL) by 32.8% in the third quarter, Holdings Channel reports. The firm owned 162,758 shares of the oilfield services company’s stock after acquiring an additional 40,182 shares during the period. Advisory Resource Group’s holdings in Halliburton were worth $4,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Country Trust Bank purchased a new stake in shares of Halliburton during the third quarter valued at approximately $36,000. Continuum Advisory LLC increased its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the period. ORG Wealth Partners LLC acquired a new position in Halliburton in the 3rd quarter worth $44,000. Mattson Financial Services LLC purchased a new position in Halliburton in the 2nd quarter valued at about $54,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Halliburton by 34.2% during the third 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. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HAL. Bank of America reduced their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company dropped their price target on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research note on Friday, November 8th. Susquehanna dropped their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Finally, UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $34.00 in a research report on Monday. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

Halliburton Stock Up 1.0 %

Shares of HAL stock opened at $29.35 on Wednesday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The stock’s 50 day simple moving average is $29.87 and its 200 day simple moving average is $31.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.56 and a beta of 1.90.

Halliburton (NYSE:HAL) 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 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts predict that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.