Worth Financial Advisory Group LLC Has $268,000 Holdings in Halliburton (NYSE:HAL)

Worth Financial Advisory Group LLC cut its position in shares of Halliburton (NYSE:HAL) by 7.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,232 shares of the oilfield services company’s stock after selling 742 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Halliburton were worth $268,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares during the last quarter. Massachusetts Wealth Management raised its holdings in shares of Halliburton by 1.7% in the first quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock valued at $722,000 after purchasing an additional 300 shares during the last quarter. Beacon Capital Management LLC raised its holdings in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its holdings in shares of Halliburton by 3.1% in the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in Halliburton by 2.9% during the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after buying an additional 336 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL stock opened at $27.89 on Tuesday. The firm has a 50 day moving average of $29.61 and a 200-day moving average of $33.10. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The firm has a market capitalization of $24.62 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.44%. Halliburton’s dividend payout ratio (DPR) is currently 22.59%.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Stifel Nicolaus decreased their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Barclays decreased their price objective on shares of Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. UBS Group decreased their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group decreased their price objective on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.74.

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.