Missouri Trust & Investment Co Raises Stock Position in Halliburton (NYSE:HAL)

Missouri Trust & Investment Co grew its position in Halliburton (NYSE:HAL) by 3,504.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,010 shares of the oilfield services company’s stock after buying an additional 8,760 shares during the period. Missouri Trust & Investment Co’s holdings in Halliburton were worth $262,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HAL. Country Trust Bank acquired a new position in Halliburton during the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC increased its position in shares of Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter worth $44,000. Crewe Advisors LLC acquired a new stake in Halliburton in the first quarter valued at $46,000. Finally, Venturi Wealth Management LLC increased its stake in Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Piper Sandler dropped their target price on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Bank of America dropped their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Royal Bank of Canada lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Stock Up 0.7 %

NYSE:HAL traded up $0.22 on Tuesday, hitting $30.35. 1,575,186 shares of the company’s stock traded hands, compared to its average volume of 8,025,895. The company has a current ratio of 2.21, a quick ratio of 1.54 and a debt-to-equity ratio of 0.74. The company has a market cap of $26.79 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.89. The firm has a 50-day moving average price of $29.08 and a 200-day moving average price of $32.39. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 3.09 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.24%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.