28,826 Shares in Halliburton Company $HAL Acquired by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC bought a new stake in Halliburton Company (NYSE:HAL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,826 shares of the oilfield services company's stock, valued at approximately $980,000.

Several other large investors have also modified their holdings of the business. Bank of Nova Scotia lifted its stake in Halliburton by 128.8% during the 1st quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company's stock worth $89,077,000 after acquiring an additional 1,286,095 shares in the last quarter. ABN Amro Investment Solutions purchased a new position in Halliburton during the 4th quarter valued at about $827,000. Swiss Life Asset Management Ltd grew its position in Halliburton by 22.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,949 shares of the oilfield services company's stock valued at $10,568,000 after acquiring an additional 67,369 shares in the last quarter. K.J. Harrison & Partners Inc grew its position in Halliburton by 172.6% in the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company's stock valued at $3,109,000 after acquiring an additional 69,644 shares in the last quarter. Finally, Nwam LLC purchased a new stake in Halliburton during the fourth quarter worth about $3,731,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Up 1.8%

Shares of NYSE:HAL opened at $36.82 on Tuesday. The firm's 50 day moving average price is $33.85 and its 200 day moving average price is $36.57. The stock has a market cap of $30.68 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. Halliburton Company has a fifty-two week low of $21.40 and a fifty-two week high of $43.59. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton's payout ratio is presently 35.60%.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 24,778 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares of the company's stock, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Halliburton from a "buy" rating to a "hold" rating in a research note on Monday. BMO Capital Markets set a $37.00 target price on shares of Halliburton in a report on Wednesday, July 22nd. Freedom Capital raised shares of Halliburton from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 22nd. Finally, Wolfe Research initiated coverage on Halliburton in a research report on Wednesday, July 8th. They set a "peer perform" rating on the stock. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $43.10.

About Halliburton

Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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