8,698 Shares in Halliburton (NYSE:HAL) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC acquired a new position in Halliburton (NYSE:HAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,698 shares of the oilfield services company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in Halliburton in the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC raised its position in 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 worth $38,000 after purchasing an additional 822 shares during the period. ORG Wealth Partners LLC purchased a new stake in Halliburton in the 3rd quarter worth about $44,000. Crewe Advisors LLC bought a new position in Halliburton in the 1st quarter worth about $46,000. Finally, Venturi Wealth Management LLC grew its stake in 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 acquiring an additional 412 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAL shares. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Morgan Stanley dropped their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday. Bank of America dropped their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus dropped their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Stock Performance

HAL opened at $31.18 on Thursday. The firm has a market capitalization of $27.39 billion, a PE ratio of 10.86, a PEG ratio of 3.64 and a beta of 1.89. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The firm’s 50-day moving average price is $29.29 and its 200 day moving average price is $32.07. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL) last issued 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the firm earned $0.79 earnings per share. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton will post 3.02 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 23.69%.

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.