Halliburton (NYSE:HAL) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC grew its holdings in Halliburton (NYSE:HAL) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 523,390 shares of the oilfield services company’s stock after purchasing an additional 67,495 shares during the period. Halliburton makes up 1.2% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Foster Victor Wealth Advisors LLC’s holdings in Halliburton were worth $15,649,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Country Trust Bank acquired a new stake in shares of Halliburton in the third quarter valued at $36,000. Modus Advisors LLC purchased a new position in Halliburton during the 4th quarter valued at about $38,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% during 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 acquired a new position in Halliburton in the 3rd quarter valued at about $44,000. Finally, Venturi Wealth Management LLC increased its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.70 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. Halliburton has a one year low of $25.51 and a one year high of $41.56. The company has a 50-day simple moving average of $28.67 and a 200-day simple moving average of $29.85. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Halliburton will post 2.94 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. Halliburton’s payout ratio is currently 24.03%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. BMO Capital Markets dropped their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton 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.