UMB Bank n.a. Buys 4,210 Shares of Halliburton Company $HAL

UMB Bank n.a. grew its stake in Halliburton Company (NYSE:HAL) by 168.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,705 shares of the oilfield services company’s stock after buying an additional 4,210 shares during the quarter. UMB Bank n.a.’s holdings in Halliburton were worth $137,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Halliburton by 292.5% during the second quarter. Assenagon Asset Management S.A. now owns 2,807,084 shares of the oilfield services company’s stock worth $57,208,000 after buying an additional 2,091,872 shares during the period. Perpetual Ltd boosted its holdings in shares of Halliburton by 29.7% during the 2nd quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock worth $22,050,000 after buying an additional 248,015 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Halliburton in the second quarter valued at approximately $287,000. Moody National Bank Trust Division grew its stake in Halliburton by 6.8% during the second quarter. Moody National Bank Trust Division now owns 15,062 shares of the oilfield services company’s stock worth $307,000 after buying an additional 954 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Halliburton by 54.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 246,224 shares of the oilfield services company’s stock worth $5,299,000 after buying an additional 86,691 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research reports. Barclays reduced their price objective on Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. UBS Group increased their price target on Halliburton from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Wells Fargo & Company reduced their target price on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price objective on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Finally, Melius Research began coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.37.

Halliburton Stock Performance

Shares of NYSE HAL opened at $24.46 on Thursday. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 11.43 and a beta of 1.10. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The stock’s 50-day moving average is $22.00 and its 200 day moving average is $21.85. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share 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 return on equity of 21.45% and a net margin of 8.37%.Halliburton’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. On average, sell-side analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s payout ratio is presently 31.78%.

Halliburton 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.