HBW Advisory Services LLC Has $269,000 Stock Holdings in Halliburton (NYSE:HAL)

HBW Advisory Services LLC boosted its holdings in shares of Halliburton (NYSE:HAL) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,977 shares of the oilfield services company’s stock after buying an additional 1,484 shares during the period. HBW Advisory Services LLC’s holdings in Halliburton were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. DNB Asset Management AS raised its holdings in Halliburton by 1.4% during the second quarter. DNB Asset Management AS now owns 164,441 shares of the oilfield services company’s stock worth $5,555,000 after buying an additional 2,303 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Halliburton by 2.9% in the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Halliburton by 6.5% in the second quarter. GAMMA Investing LLC now owns 8,891 shares of the oilfield services company’s stock valued at $300,000 after purchasing an additional 541 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Halliburton by 14.7% in the first quarter. Quent Capital LLC now owns 2,887 shares of the oilfield services company’s stock valued at $114,000 after purchasing an additional 369 shares during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Halliburton by 19.2% in the first quarter. HM Payson & Co. now owns 20,500 shares of the oilfield services company’s stock valued at $808,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL traded up $0.04 on Tuesday, reaching $30.92. 7,760,459 shares of the company’s stock were exchanged, compared to its average volume of 7,570,686. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.12 and a beta of 1.93. Halliburton has a 52 week low of $30.31 and a 52 week high of $43.85. The stock has a fifty day simple moving average of $34.04 and a 200-day simple moving average of $36.04.

Halliburton (NYSE:HAL) last issued its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of several analyst reports. TD Cowen lowered their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. The Goldman Sachs Group increased their target price on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Stifel Nicolaus lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Barclays lowered their target price on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.35.

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.