Inspire Investing LLC Buys 2,034 Shares of Halliburton (NYSE:HAL)

Inspire Investing LLC raised its stake in Halliburton (NYSE:HAL) by 26.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,855 shares of the oilfield services company’s stock after purchasing an additional 2,034 shares during the quarter. Inspire Investing LLC’s holdings in Halliburton were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Halliburton by 46.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares during the last quarter. LSV Asset Management lifted its position in shares of Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after buying an additional 2,720,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Halliburton by 2.7% in the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Susquehanna dropped their price target on Halliburton from $46.00 to $42.00 and set a “positive” rating for the company in a report on Friday, October 11th. Bank of America dropped their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Barclays dropped their price target on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Trading Down 2.1 %

Shares of HAL opened at $28.33 on Friday. Halliburton has a 52-week low of $27.52 and a 52-week high of $43.83. The business’s fifty day moving average is $30.00 and its 200-day moving average is $33.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.04 and a beta of 1.88.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. Equities analysts anticipate that Halliburton will post 3.13 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.40%. Halliburton’s dividend payout ratio is currently 23.53%.

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.