Blair William & Co. IL Has $2.72 Million Stake in Halliburton Company $HAL

Key Points

• Blair William & Co. IL increased its stake in Halliburton Company by 12.0% during the second quarter, now holding 133,306 shares valued at approximately $2.72 million.
• Various institutional investors also adjusted their positions in Halliburton, with notable purchases and increases, indicating strong interest in the company among large investors.
• Analysts have mixed views on Halliburton, with price targets ranging from $22.00 to $30.72 and a consensus rating of "Moderate Buy".

Blair William & Co. IL grew its position in Halliburton Company (NYSE:HAL - Free Report) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,306 shares of the oilfield services company's stock after purchasing an additional 14,241 shares during the quarter. Blair William & Co. IL's holdings in Halliburton were worth $2,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Halliburton in the second quarter valued at approximately $693,000. Allegiance Financial Group Advisory Services LLC bought a new stake in shares of Halliburton in the second quarter valued at approximately $225,000. Vontobel Holding Ltd. boosted its stake in shares of Halliburton by 21.9% in the second quarter. Vontobel Holding Ltd. now owns 129,011 shares of the oilfield services company's stock valued at $2,629,000 after buying an additional 23,167 shares during the period. Narwhal Capital Management bought a new stake in shares of Halliburton in the second quarter valued at approximately $331,000. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Halliburton by 1.9% in the second quarter. KLP Kapitalforvaltning AS now owns 360,943 shares of the oilfield services company's stock valued at $7,356,000 after buying an additional 6,700 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HAL shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Halliburton in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on Halliburton from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Barclays cut their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. UBS Group boosted their price target on Halliburton from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada boosted their price target on Halliburton from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, October 9th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $30.72.

Halliburton Stock Up 2.5%

NYSE HAL opened at $22.51 on Tuesday. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The stock has a market capitalization of $19.19 billion, a PE ratio of 10.52 and a beta of 1.02. 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 business has a fifty day moving average price of $22.55 and a two-hundred day moving average price of $21.72.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts' consensus estimates of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period in the prior year, the company earned $0.80 EPS. Halliburton's revenue was down 5.5% compared to the same quarter last year. Equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared 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 3.0%. The ex-dividend date was Wednesday, September 3rd. Halliburton's dividend payout ratio is presently 31.78%.

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.

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