Adams Natural Resources Fund Inc. Has $3.47 Million Stake in Halliburton Company (NYSE:HAL)

Adams Natural Resources Fund Inc. reduced its position in Halliburton Company (NYSE:HAL - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,589 shares of the oilfield services company's stock after selling 40,764 shares during the quarter. Adams Natural Resources Fund Inc.'s holdings in Halliburton were worth $3,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its holdings in shares of Halliburton by 77.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,370 shares of the oilfield services company's stock worth $554,000 after purchasing an additional 8,874 shares during the period. Global Retirement Partners LLC raised its stake in Halliburton by 70.2% during the fourth quarter. Global Retirement Partners LLC now owns 8,698 shares of the oilfield services company's stock worth $237,000 after acquiring an additional 3,588 shares during the period. Ieq Capital LLC lifted its holdings in Halliburton by 21.5% in the fourth quarter. Ieq Capital LLC now owns 51,330 shares of the oilfield services company's stock worth $1,396,000 after acquiring an additional 9,072 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Halliburton in the fourth quarter valued at approximately $351,000. Finally, IFP Advisors Inc grew its holdings in shares of Halliburton by 828.1% during the fourth quarter. IFP Advisors Inc now owns 18,618 shares of the oilfield services company's stock valued at $506,000 after purchasing an additional 16,612 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

Halliburton stock traded down $0.07 during midday trading on Friday, hitting $20.58. The company's stock had a trading volume of 12,369,139 shares, compared to its average volume of 11,308,313. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $17.69 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 3.22 and a beta of 1.14. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $37.08. The stock's 50-day moving average price is $20.79 and its 200-day moving average price is $24.01.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.30%. Halliburton's dividend payout ratio is currently 28.45%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays reduced their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group dropped their price objective on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group decreased their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.58.

About Halliburton

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.