Chicago Partners Investment Group LLC Purchases New Position in Halliburton Company $HAL

Key Points

• Chicago Partners Investment Group LLC acquired a new position in Halliburton Company, purchasing 11,569 shares valued at approximately $254,000 during the second quarter.
• Despite a 1.7% year-over-year decline in revenue, Halliburton reported earnings of $0.58 per share for the latest quarter, exceeding analysts' expectations.
• Halliburton's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus price target of $31.40.

Chicago Partners Investment Group LLC purchased a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,569 shares of the oilfield services company's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new position in shares of Halliburton during the first quarter valued at about $30,000. Hexagon Capital Partners LLC increased its position in shares of Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after buying an additional 656 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Halliburton during the first quarter valued at about $37,000. Bartlett & CO. Wealth Management LLC boosted its stake in Halliburton by 109.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company's stock worth $39,000 after acquiring an additional 993 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its stake in Halliburton by 756.2% during the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company's stock worth $54,000 after acquiring an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HAL shares. UBS Group boosted their price objective on shares of Halliburton from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday. Susquehanna boosted their price objective on shares of Halliburton from $27.00 to $29.00 and gave the stock a "positive" rating in a research note on Wednesday. Citigroup reissued a "buy" rating on shares of Halliburton in a research note on Tuesday, October 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of Halliburton in a research note on Wednesday, October 8th. Finally, Melius Research started coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a "buy" rating and a $41.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.40.

Halliburton Price Performance

Shares of NYSE HAL opened at $26.57 on Friday. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The firm has a market cap of $22.66 billion, a P/E ratio of 17.60 and a beta of 1.02. The company has a 50 day moving average of $23.09 and a 200 day moving average of $21.83. The company has a quick ratio of 1.47, a current ratio of 1.95 and a debt-to-equity ratio of 0.70.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Halliburton's dividend payout ratio is 31.78%.

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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