Arkadios Wealth Advisors Buys 29,359 Shares of Halliburton Company (NYSE:HAL)

Key Points

• Arkadios Wealth Advisors increased its stake in Halliburton by 316%, owning a total of 38,649 shares valued at $981,000 as of its latest SEC filing.
• Several institutional investors have significantly boosted their holdings in Halliburton during the first quarter, with overall institutional ownership now at 85.23% of the company's stock.
• Halliburton recently declared a quarterly dividend of $0.17 per share, reflecting an annualized dividend yield of 3.2%.

Arkadios Wealth Advisors grew its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 316.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,649 shares of the oilfield services company's stock after purchasing an additional 29,359 shares during the quarter. Arkadios Wealth Advisors' holdings in Halliburton were worth $981,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at $28,000. 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 valued at $36,000 after acquiring an additional 656 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at $39,000. Versant Capital Management Inc grew its stake in Halliburton by 830.5% in the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after acquiring an additional 1,827 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Halliburton in the 1st quarter valued at $57,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

HAL stock traded up $0.09 during trading hours on Monday, hitting $21.69. 12,082,509 shares of the stock traded hands, compared to its average volume of 16,428,982. The stock has a 50-day simple moving average of $21.45 and a 200 day simple moving average of $22.98. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market cap of $18.49 billion, a P/E ratio of 10.14, a P/E/G ratio of 3.74 and a beta of 1.12. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's dividend payout ratio (DPR) is 31.78%.

Analyst Ratings Changes

Several research analysts have recently commented on HAL shares. Citigroup reduced their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada reduced their price target on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. UBS Group reduced their price target on Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Piper Sandler lowered shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a report on Monday, July 28th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.00.

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.