Park National Corp OH Buys 3,869 Shares of Halliburton (NYSE:HAL)

Park National Corp OH increased its position in Halliburton (NYSE:HAL) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 302,214 shares of the oilfield services company’s stock after acquiring an additional 3,869 shares during the quarter. Park National Corp OH’s holdings in Halliburton were worth $8,217,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after buying an additional 13,552,927 shares during the last quarter. Franklin Resources Inc. raised its holdings in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Halliburton in the 3rd quarter valued at approximately $55,132,000. Dimensional Fund Advisors LP boosted its stake in Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after purchasing an additional 995,649 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Up 0.1 %

HAL stock opened at $27.70 on Wednesday. The business’s 50-day moving average price is $29.02 and its 200-day moving average price is $30.43. The stock has a market cap of $24.33 billion, a P/E ratio of 9.65, a PEG ratio of 3.55 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a twelve month low of $25.51 and a twelve month high of $41.56.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS. On average, equities research analysts forecast that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Morgan Stanley lowered their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.95.

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.