Stratos Wealth Partners LTD. Boosts Stake in Halliburton (NYSE:HAL)

Stratos Wealth Partners LTD. lifted its position in Halliburton (NYSE:HAL) by 26.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,648 shares of the oilfield services company’s stock after acquiring an additional 3,226 shares during the period. Stratos Wealth Partners LTD.’s holdings in Halliburton were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of Halliburton by 5.3% in the third quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock worth $188,000 after purchasing an additional 232 shares during the last quarter. Arcadia Investment Management Corp MI boosted its holdings in shares of Halliburton by 0.7% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock valued at $1,499,000 after acquiring an additional 250 shares during the last quarter. Nvwm LLC increased its stake in shares of Halliburton by 1.2% in the third quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after acquiring an additional 259 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of Halliburton by 3.6% during the third quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after purchasing an additional 263 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its position in Halliburton by 2.3% during the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock valued at $485,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of several analyst reports. StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Barclays decreased their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Atb Cap Markets cut shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. UBS Group boosted their target price on shares of Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Finally, TD Cowen raised their price target on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $48.53.

Halliburton Stock Down 3.1 %

Shares of HAL opened at $39.67 on Friday. The stock has a 50 day moving average price of $37.09 and a 200 day moving average price of $37.49. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. The stock has a market capitalization of $35.16 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.03 and a beta of 2.00. Halliburton has a one year low of $27.84 and a one year high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. Halliburton’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts forecast that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.17 dividend. This is a boost from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.71%. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 23.21%.

Insiders Place Their Bets

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.