Kestra Private Wealth Services LLC Has $794,000 Stock Holdings in Halliburton Company (NYSE:HAL)

Kestra Private Wealth Services LLC decreased its holdings in shares of Halliburton Company (NYSE:HAL) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,287 shares of the oilfield services company’s stock after selling 590 shares during the period. Kestra Private Wealth Services LLC’s holdings in Halliburton were worth $794,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in Halliburton during the fourth quarter worth $28,000. Hexagon Capital Partners LLC raised its holdings in shares of 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 last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at about $39,000. Versant Capital Management Inc raised its holdings in shares of Halliburton by 830.5% in the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock valued at $52,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Halliburton in the first quarter valued at about $57,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on HAL shares. Barclays reduced their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday. Hsbc Global Res raised shares of Halliburton to a “hold” rating in a research report on Wednesday, April 23rd. UBS Group reduced their target price on shares of Halliburton from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday. Susquehanna reduced their target price on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $31.61.

Halliburton Price Performance

Shares of NYSE:HAL opened at $22.45 on Friday. The company has a 50 day moving average of $21.20 and a 200 day moving average of $23.27. The stock has a market cap of $19.30 billion, a P/E ratio of 10.49, a P/E/G ratio of 3.67 and a beta of 1.13. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $34.97. The company has a current ratio of 2.00, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. Halliburton’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. As a group, sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.03%. Halliburton’s 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.