HB Wealth Management LLC Raises Stock Position in Halliburton Company $HAL

HB Wealth Management LLC raised its holdings in Halliburton Company (NYSE:HAL) by 29.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,687 shares of the oilfield services company’s stock after purchasing an additional 4,476 shares during the quarter. HB Wealth Management LLC’s holdings in Halliburton were worth $401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC grew its holdings 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 acquiring an additional 17,094 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Halliburton in the 2nd quarter worth approximately $287,000. V Square Quantitative Management LLC grew its stake in shares of Halliburton by 82.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock worth $997,000 after purchasing an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after purchasing an additional 91,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Halliburton by 33.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock valued at $4,047,000 after purchasing an additional 40,109 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL stock opened at $24.31 on Monday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. 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 firm has a market capitalization of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02. The business has a 50 day simple moving average of $22.42 and a 200-day simple moving average of $21.80.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 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 return on equity of 21.45% and a net margin of 8.37%.The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Equities research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on HAL shares. Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Monday, July 28th. Melius Research began coverage on Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Melius initiated coverage on Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Wells Fargo & Company lowered their price target on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus cut their price objective on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $31.20.

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.