Private Advisor Group LLC Has $1.45 Million Position in Halliburton (NYSE:HAL)

Private Advisor Group LLC decreased its position in shares of Halliburton (NYSE:HAL) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,872 shares of the oilfield services company’s stock after selling 454 shares during the period. Private Advisor Group LLC’s holdings in Halliburton were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Halliburton by 146.0% in the 2nd 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 lifted its position in shares of Halliburton by 105.2% during 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Halliburton by 319.0% in the first 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. Sanctuary Advisors LLC bought a new position in Halliburton in the second quarter valued at about $2,257,000. Finally, Mediolanum International Funds Ltd acquired a new position in Halliburton during the first quarter worth about $1,908,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research analyst reports. Bank of America reduced their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Dbs Bank assumed coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target for the company. Barclays cut their price objective on Halliburton from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lowered their target price on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Trading Up 0.2 %

HAL opened at $27.74 on Friday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a fifty day moving average of $29.40 and a 200-day moving average of $32.94. The stock has a market cap of $24.49 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

Halliburton Dividend Announcement

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

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.