Halliburton (NYSE:HAL) Shares Bought by Oak Thistle LLC

Oak Thistle LLC increased its position in Halliburton (NYSE:HAL) by 224.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,888 shares of the oilfield services company’s stock after acquiring an additional 25,513 shares during the period. Oak Thistle LLC’s holdings in Halliburton were worth $1,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HAL. Country Trust Bank acquired a new stake in shares of Halliburton in the third quarter valued at approximately $36,000. Modus Advisors LLC bought a new position in Halliburton in the 4th quarter worth approximately $38,000. Continuum Advisory LLC increased its position in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the period. ORG Wealth Partners LLC bought a new stake in Halliburton during the 3rd quarter valued at $44,000. Finally, Venturi Wealth Management LLC boosted its position in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HAL shares. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.26.

Halliburton Price Performance

HAL stock opened at $28.95 on Thursday. Halliburton has a one year low of $25.51 and a one year high of $41.56. The firm has a 50-day moving average of $28.96 and a two-hundred day moving average of $30.20. The firm has a market capitalization of $25.43 billion, a PE ratio of 10.09, a P/E/G ratio of 3.55 and a beta of 1.91. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the company posted $0.79 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 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.