Cetera Investment Advisers Has $3.19 Million Stake in Halliburton Company (NYSE:HAL)

Cetera Investment Advisers trimmed its position in shares of Halliburton Company (NYSE:HAL) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,719 shares of the oilfield services company’s stock after selling 2,399 shares during the period. Cetera Investment Advisers’ holdings in Halliburton were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC boosted its position in Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company’s stock worth $440,000 after purchasing an additional 17,094 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Halliburton by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock worth $4,047,000 after purchasing an additional 40,109 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Halliburton during the fourth quarter worth $7,236,000. Concurrent Investment Advisors LLC boosted its position in Halliburton by 22.9% during the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock worth $3,256,000 after purchasing an additional 23,887 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Halliburton by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company’s stock worth $70,530,000 after purchasing an additional 67,704 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAL. Barclays reduced their price objective 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, July 23rd. 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, July 23rd. Citigroup reduced their target price on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. 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, July 23rd. Finally, Hsbc Global Res raised shares of Halliburton to a “hold” rating in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Halliburton Stock Performance

Halliburton stock opened at $21.71 on Wednesday. The business has a 50 day moving average of $21.52 and a 200-day moving average of $22.91. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The company has a market capitalization of $18.51 billion, a P/E ratio of 10.14, a P/E/G ratio of 3.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.1%. Halliburton’s dividend payout ratio is presently 31.78%.

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.