Avior Wealth Management LLC Purchases 2,286 Shares of Halliburton (NYSE:HAL)

Avior Wealth Management LLC increased its position in shares of Halliburton (NYSE:HAL) by 91.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,784 shares of the oilfield services company’s stock after buying an additional 2,286 shares during the period. Avior Wealth Management LLC’s holdings in Halliburton were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAL. Sei Investments Co. increased its holdings in Halliburton by 34.6% during the 2nd quarter. Sei Investments Co. now owns 201,100 shares of the oilfield services company’s stock worth $6,793,000 after purchasing an additional 51,679 shares in the last quarter. Mackenzie Financial Corp raised its stake in Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after acquiring an additional 95,864 shares during the period. Creative Planning raised its holdings in Halliburton by 5.8% during the 2nd quarter. Creative Planning now owns 155,159 shares of the oilfield services company’s stock valued at $5,241,000 after acquiring an additional 8,507 shares during the period. NewEdge Advisors LLC increased its position in shares of Halliburton by 21.9% during the second quarter. NewEdge Advisors LLC now owns 73,725 shares of the oilfield services company’s stock valued at $2,490,000 after buying an additional 13,241 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Halliburton by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,739 shares of the oilfield services company’s stock valued at $1,410,000 after purchasing an additional 5,860 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 2.0 %

Shares of HAL opened at $26.70 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.62. The firm has a market cap of $23.45 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91. The company has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $29.91. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts expect that Halliburton will post 2.94 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.55%. Halliburton’s payout ratio is 24.03%.

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Barclays decreased their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

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.