Blue Trust Inc. Boosts Stake in Halliburton (NYSE:HAL)

Blue Trust Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 94.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,641 shares of the oilfield services company’s stock after buying an additional 6,620 shares during the period. Blue Trust Inc.’s holdings in Halliburton were worth $396,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HAL. Canada Pension Plan Investment Board grew its holdings in shares of Halliburton by 146.0% in the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after purchasing an additional 500,000 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after buying an additional 95,864 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Halliburton by 319.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock valued at $1,385,000 after buying an additional 28,137 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Halliburton in the 1st quarter valued at about $1,908,000. Finally, Sanctuary Advisors LLC purchased a new position in Halliburton in the second quarter worth about $2,257,000. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Dbs Bank assumed coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Susquehanna reduced their target price on shares of Halliburton from $46.00 to $42.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Piper Sandler dropped their price target on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Stock Down 1.5 %

NYSE:HAL opened at $27.81 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a 1-year low of $27.52 and a 1-year high of $41.60. The company has a 50-day moving average of $29.82 and a 200 day moving average of $33.43. The firm has a market cap of $24.62 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. Halliburton’s payout ratio is presently 23.53%.

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.