Orion Portfolio Solutions LLC Has $1.57 Million Stock Holdings in Halliburton (NYSE:HAL)

Orion Portfolio Solutions LLC lowered its position in shares of Halliburton (NYSE:HAL) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,870 shares of the oilfield services company’s stock after selling 1,509 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Halliburton were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Country Trust Bank acquired a new stake in Halliburton in the 3rd quarter worth about $36,000. ORG Wealth Partners LLC bought a new position in shares of Halliburton during the third quarter worth approximately $44,000. Mattson Financial Services LLC acquired a new stake in shares of Halliburton in the second quarter valued at approximately $54,000. Venturi Wealth Management LLC boosted its stake in shares of 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 buying an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 0.7 %

NYSE:HAL opened at $28.68 on Friday. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The company has a market cap of $25.20 billion, a PE ratio of 9.99, a P/E/G ratio of 3.61 and a beta of 1.90. The firm’s 50 day simple moving average is $29.75 and its 200 day simple moving average is $31.35.

Halliburton (NYSE:HAL) last issued its quarterly 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 business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, research analysts anticipate that Halliburton will post 3 earnings per share for the current year.

Halliburton Dividend Announcement

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. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. Halliburton’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HAL shares. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Halliburton in a research report on Friday, November 8th. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. BMO Capital Markets decreased their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Raymond James cut their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Finally, Morgan Stanley decreased their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $40.58.

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.