Builder Investment Group Inc. ADV Reduces Holdings in Halliburton Company (NYSE:HAL)

Builder Investment Group Inc. ADV decreased its holdings in Halliburton Company (NYSE:HAL - Free Report) by 19.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,191 shares of the oilfield services company's stock after selling 32,300 shares during the quarter. Halliburton accounts for about 0.9% of Builder Investment Group Inc. ADV's investment portfolio, making the stock its 28th largest position. Builder Investment Group Inc. ADV's holdings in Halliburton were worth $3,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $28,000. Horrell Capital Management Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $36,000. Vermillion Wealth Management Inc. bought a new stake in Halliburton during the 4th quarter worth approximately $39,000. Finally, Blume Capital Management Inc. raised its stake in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Up 0.5%

Shares of HAL opened at $23.03 on Wednesday. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $37.08. The company has a 50-day moving average of $20.84 and a 200 day moving average of $24.46. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 3.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. On average, research analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 28.45%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent analyst reports. Susquehanna decreased their target price on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. UBS Group reduced their price objective on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Barclays reduced their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup cut their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.58.

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.

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