Meeder Advisory Services Inc. Increases Position in Halliburton (NYSE:HAL)

Meeder Advisory Services Inc. boosted its holdings in Halliburton (NYSE:HAL) by 8.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,504 shares of the oilfield services company’s stock after purchasing an additional 1,848 shares during the period. Meeder Advisory Services Inc.’s holdings in Halliburton were worth $712,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Country Trust Bank purchased a new position in shares of Halliburton during the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Halliburton during the 3rd quarter valued at $44,000. Crewe Advisors LLC acquired a new position in Halliburton during the 1st quarter worth $46,000. Finally, Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 0.1 %

Shares of Halliburton stock opened at $30.47 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The business’s fifty day moving average price is $29.22 and its two-hundred day moving average price is $32.08. The company has a market capitalization of $26.77 billion, a P/E ratio of 10.62, a PEG ratio of 3.64 and a beta of 1.89.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, research analysts forecast that Halliburton will post 3.02 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Dbs Bank started coverage on shares of Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target on the stock. Wells Fargo & Company decreased their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. The Goldman Sachs Group dropped their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group decreased their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, UBS Group dropped their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.74.

About Halliburton

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.