Halliburton (NYSE:HAL) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC lessened its position in shares of Halliburton (NYSE:HAL) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 91,132 shares of the oilfield services company’s stock after selling 2,174 shares during the period. Hedeker Wealth LLC’s holdings in Halliburton were worth $2,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Modus Advisors LLC acquired a new position in Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC grew 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 worth $42,000 after acquiring an additional 698 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Halliburton during the 3rd quarter worth approximately $44,000. Venturi Wealth Management LLC grew its holdings 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 in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HAL shares. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $34.00 in a report on Monday, December 9th. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Benchmark lowered their target price 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. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Performance

Halliburton stock opened at $25.47 on Friday. The company has a market cap of $22.37 billion, a PE ratio of 9.00, a P/E/G ratio of 3.60 and a beta of 1.89. The company has a fifty day moving average price of $28.00 and a two-hundred day moving average price of $29.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 12 month low of $25.21 and a 12 month high of $41.56.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. Research analysts expect that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.