Wilmington Savings Fund Society FSB Buys 453 Shares of Halliburton (NYSE:HAL)

Wilmington Savings Fund Society FSB grew its position in Halliburton (NYSE:HAL) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,776 shares of the oilfield services company’s stock after acquiring an additional 453 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Halliburton were worth $347,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC raised its position in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. Modus Advisors LLC bought a new position in Halliburton in the 4th quarter valued at approximately $38,000. ORG Wealth Partners LLC acquired a new stake 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 during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $26.50 on Wednesday. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $29.30. Halliburton has a one year low of $25.16 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market cap of $23.28 billion, a PE ratio of 9.36, a P/E/G ratio of 3.53 and a beta of 1.89.

Halliburton Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.57%. Halliburton’s dividend payout ratio is 24.03%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. Barclays decreased their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Susquehanna reduced their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.