Halliburton Company $HAL Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Halliburton Company (NYSE:HAL) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,853 shares of the oilfield services company’s stock after buying an additional 1,462 shares during the period. Farther Finance Advisors LLC’s holdings in Halliburton were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Stone House Investment Management LLC purchased a new stake in Halliburton in the 1st quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its stake in Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Halliburton in the 1st quarter worth approximately $37,000. McIlrath & Eck LLC grew its stake in Halliburton by 756.2% in the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 1,883 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Halliburton in the 1st quarter worth approximately $57,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

Shares of Halliburton stock opened at $24.31 on Friday. The firm has a market cap of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02. The firm’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $21.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57.

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

Halliburton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lowered their target price on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Melius initiated coverage on shares of Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a research note on Saturday, September 27th. Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Monday, July 28th. Finally, Royal Bank Of Canada lowered their price objective on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.37.

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.