Brown Advisory Inc. Grows Stock Holdings in Halliburton Company (NYSE:HAL)

Brown Advisory Inc. lifted its stake in Halliburton Company (NYSE:HAL) by 12.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,712 shares of the oilfield services company’s stock after purchasing an additional 2,536 shares during the period. Brown Advisory Inc.’s holdings in Halliburton were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Halliburton by 3.4% in the first quarter. Envestnet Asset Management Inc. now owns 402,532 shares of the oilfield services company’s stock valued at $10,212,000 after purchasing an additional 13,291 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 656 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Halliburton by 22.9% in the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock valued at $3,256,000 after purchasing an additional 23,887 shares during the period. Wayfinding Financial LLC purchased a new position in Halliburton in the first quarter valued at $57,000. Finally, Eukles Asset Management boosted its holdings in Halliburton by 12.2% in the first quarter. Eukles Asset Management now owns 13,790 shares of the oilfield services company’s stock valued at $350,000 after purchasing an additional 1,494 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus cut their price target on Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price target on Halliburton from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. Barclays cut their price target on Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group cut their price target on Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley cut their price target on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.53.

Halliburton Stock Performance

Shares of HAL stock opened at $22.05 on Tuesday. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.08. The stock’s 50-day moving average price is $21.03 and its 200 day moving average price is $23.54. The stock has a market capitalization of $18.95 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. As a group, equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Wednesday, June 4th. Halliburton’s dividend payout ratio is presently 28.45%.

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.