Halliburton (NYSE:HAL) Holdings Increased by Holderness Investments Co.

Holderness Investments Co. grew its stake in shares of Halliburton (NYSE:HAL) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,003 shares of the oilfield services company’s stock after buying an additional 858 shares during the quarter. Holderness Investments Co.’s holdings in Halliburton were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after acquiring an additional 295 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of Halliburton by 1.7% in the first quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after acquiring an additional 300 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its position in shares of Halliburton by 3.1% in the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after acquiring an additional 330 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in Halliburton by 2.9% during the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HAL shares. Jefferies Financial Group lowered their price objective on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Morgan Stanley lowered their price objective on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus lowered their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Citigroup lowered their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Barclays lowered their price objective on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Three 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.17.

Halliburton Price Performance

Shares of Halliburton stock opened at $29.47 on Friday. The firm has a fifty day simple moving average of $31.48 and a 200-day simple moving average of $34.84. 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 1-year low of $27.52 and a 1-year high of $43.85. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.95 and a beta of 1.89.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, sell-side analysts expect that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.31%. Halliburton’s dividend payout ratio is 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.