HBW Advisory Services LLC Has $294,000 Stock Position in Halliburton (NYSE:HAL)

HBW Advisory Services LLC increased its stake in Halliburton (NYSE:HAL) by 26.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,107 shares of the oilfield services company’s stock after purchasing an additional 2,130 shares during the period. HBW Advisory Services LLC’s holdings in Halliburton were worth $294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Rise Advisors LLC bought a new position in Halliburton in the 1st quarter valued at about $26,000. Bruce G. Allen Investments LLC increased its stake 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 during the last quarter. Crewe Advisors LLC bought a new position in Halliburton in the first quarter valued at approximately $46,000. Beacon Capital Management LLC raised its position in Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new stake in Halliburton during the second quarter worth $54,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAL. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Piper Sandler lowered their target price on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Benchmark restated a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research note on Monday, July 22nd. The Goldman Sachs Group decreased their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Barclays dropped their price objective on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Three equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.56.

Halliburton Trading Up 1.2 %

NYSE HAL opened at $31.09 on Friday. The firm has a market capitalization of $27.52 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.88. The business’s 50-day moving average price is $30.46 and its two-hundred day moving average price is $34.33. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. On average, analysts expect that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, September 4th. Halliburton’s dividend payout ratio is currently 23.53%.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

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.