Morningstar Investment Services LLC raised its stake in shares of Halliburton (NYSE:HAL) by 108.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,522 shares of the oilfield services company’s stock after buying an additional 15,894 shares during the period. Morningstar Investment Services LLC’s holdings in Halliburton were worth $694,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in HAL. Berman Capital Advisors LLC grew its holdings in Halliburton by 46.0% in the 1st quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 395 shares during the last quarter. Asset Planning Services Ltd. grew its stake in shares of Halliburton by 903.2% during the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock valued at $29,000 after purchasing an additional 1,129 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Halliburton during the second quarter valued at approximately $32,000. Icon Wealth Partners LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $48,000. Finally, Hanson McClain Inc. increased its holdings in shares of Halliburton by 38.8% in the first quarter. Hanson McClain Inc. now owns 1,788 shares of the oilfield services company’s stock valued at $52,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 77.70% of the company’s stock.
HAL traded up $0.01 on Wednesday, reaching $20.04. The company had a trading volume of 11,027,001 shares, compared to its average volume of 12,608,610. The stock has a market cap of $17.37 billion, a P/E ratio of 10.55, a P/E/G ratio of 2.36 and a beta of 1.37. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 2.26. Halliburton has a fifty-two week low of $16.97 and a fifty-two week high of $42.57. The company’s fifty day moving average is $19.84 and its 200 day moving average is $24.71.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. On average, sell-side analysts expect that Halliburton will post 1.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.72 annualized dividend and a yield of 3.59%. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.
Several research analysts recently weighed in on the stock. Cowen reaffirmed an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Halliburton in a report on Tuesday, July 23rd. Piper Jaffray Companies set a $26.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, July 1st. Credit Suisse Group decreased their target price on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Morgan Stanley lowered their price target on shares of Halliburton from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Finally, Edward Jones cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Halliburton presently has a consensus rating of “Buy” and an average target price of $39.26.
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.
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