EP Wealth Advisors LLC Has $227,000 Position in Halliburton (NYSE:HAL)

EP Wealth Advisors LLC boosted its holdings in shares of Halliburton (NYSE:HALGet Rating) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,243 shares of the oilfield services company’s stock after buying an additional 631 shares during the period. EP Wealth Advisors LLC’s holdings in Halliburton were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAL. Capital Asset Advisory Services LLC acquired a new stake in shares of Halliburton in the 2nd quarter valued at $29,000. PrairieView Partners LLC boosted its stake in shares of Halliburton by 75.6% in the 2nd quarter. PrairieView Partners LLC now owns 936 shares of the oilfield services company’s stock valued at $29,000 after purchasing an additional 403 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Halliburton by 115.1% in the 2nd quarter. Global Retirement Partners LLC now owns 940 shares of the oilfield services company’s stock valued at $29,000 after purchasing an additional 503 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Halliburton by 43.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,389 shares of the oilfield services company’s stock valued at $52,000 after purchasing an additional 421 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in shares of Halliburton by 31.8% in the 1st quarter. Blume Capital Management Inc. now owns 1,450 shares of the oilfield services company’s stock valued at $55,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock opened at $36.71 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52. The stock has a market cap of $33.33 billion, a PE ratio of 19.02 and a beta of 2.23. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $32.35. Halliburton has a one year low of $20.77 and a one year high of $43.99.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Thursday, December 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. Halliburton’s dividend payout ratio is presently 24.87%.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $35.49, for a total value of $212,940.00. Following the completion of the transaction, the director now directly owns 14,625 shares in the company, valued at approximately $519,041.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Halliburton from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, October 26th. ATB Capital lifted their price target on Halliburton to $49.00 in a report on Thursday, October 27th. Susquehanna lifted their price target on Halliburton from $48.00 to $51.00 in a report on Wednesday, October 26th. StockNews.com started coverage on Halliburton in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.99.

Halliburton Company Profile

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Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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