Builder Investment Group Inc. ADV Sells 1,135 Shares of Halliburton (NYSE:HAL)

Builder Investment Group Inc. ADV reduced its position in shares of Halliburton (NYSE:HAL) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,491 shares of the oilfield services company’s stock after selling 1,135 shares during the period. Halliburton makes up approximately 1.2% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 21st biggest position. Builder Investment Group Inc. ADV’s holdings in Halliburton were worth $4,445,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Country Trust Bank acquired a new stake in shares of Halliburton in the 3rd quarter valued at approximately $36,000. Modus Advisors LLC acquired a new stake in Halliburton in the fourth quarter valued at approximately $38,000. Continuum Advisory LLC grew its stake in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter worth $44,000. Finally, Venturi Wealth Management LLC lifted its stake 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 valued at $47,000 after acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 2.7 %

Halliburton stock opened at $28.95 on Thursday. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. The firm’s fifty day moving average price is $28.96 and its two-hundred day moving average price is $30.20. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56. 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 quarterly earnings data 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 company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts predict that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 23.69%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HAL. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. Morgan Stanley dropped their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Dbs Bank assumed coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.26.

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.