2,750 Shares in Halliburton (HAL) Purchased by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. acquired a new position in Halliburton (NYSE:HAL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,750 shares of the oilfield services company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthstreet Investment Advisors LLC boosted its holdings in shares of Halliburton by 3.6% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 31,539 shares of the oilfield services company’s stock worth $1,481,000 after purchasing an additional 1,100 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Halliburton by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 256,879 shares of the oilfield services company’s stock worth $12,058,000 after purchasing an additional 1,100 shares in the last quarter. Arvest Bank Trust Division boosted its holdings in shares of Halliburton by 15.8% in the 1st quarter. Arvest Bank Trust Division now owns 8,811 shares of the oilfield services company’s stock worth $414,000 after purchasing an additional 1,200 shares in the last quarter. Corient Capital Partners LLC boosted its holdings in shares of Halliburton by 8.5% in the 4th quarter. Corient Capital Partners LLC now owns 15,679 shares of the oilfield services company’s stock worth $766,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its holdings in shares of Halliburton by 3.5% in the 1st quarter. Reilly Financial Advisors LLC now owns 36,912 shares of the oilfield services company’s stock worth $1,733,000 after purchasing an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.

A number of research firms have recently issued reports on HAL. Wells Fargo & Co upped their price objective on Halliburton from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Bank of America upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, May 10th. Credit Suisse Group set a $65.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Monday, April 23rd. BMO Capital Markets set a $63.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 24th. Finally, ValuEngine upgraded Halliburton from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $59.08.

Halliburton opened at $46.11 on Wednesday, according to Marketbeat Ratings. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.35 and a beta of 1.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.22 and a quick ratio of 1.73. Halliburton has a one year low of $38.18 and a one year high of $57.86.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.74 billion. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. Halliburton’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. equities research analysts forecast that Halliburton will post 2.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, June 5th. Halliburton’s payout ratio is 59.02%.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply