Jacobi Capital Management LLC Has $250,000 Stake in Halliburton Company $HAL

Jacobi Capital Management LLC decreased its stake in shares of Halliburton Company (NYSE:HAL) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,856 shares of the oilfield services company’s stock after selling 1,814 shares during the quarter. Jacobi Capital Management LLC’s holdings in Halliburton were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Halliburton during the 1st quarter worth approximately $895,000. Belpointe Asset Management LLC acquired a new stake in shares of Halliburton during the 1st quarter worth approximately $369,000. Intech Investment Management LLC grew its position in shares of Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after buying an additional 52,092 shares during the period. Focus Partners Wealth grew its position in shares of Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after buying an additional 10,408 shares during the period. Finally, Bayforest Capital Ltd grew its position in Halliburton by 154.2% in the 1st quarter. Bayforest Capital Ltd now owns 6,721 shares of the oilfield services company’s stock valued at $171,000 after purchasing an additional 4,077 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HAL. 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, July 23rd. Melius began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Royal Bank Of Canada reduced their price target 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. Stifel Nicolaus reduced their price target on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Susquehanna reduced their price target on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.05.

Halliburton Price Performance

HAL opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10. The firm’s fifty day moving average price is $21.85 and its two-hundred day moving average price is $21.95. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57.

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

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton’s payout ratio is currently 31.78%.

Halliburton Company Profile

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.