Concurrent Investment Advisors LLC Acquires 23,887 Shares of Halliburton Company (NYSE:HAL)

Concurrent Investment Advisors LLC lifted its stake in Halliburton Company (NYSE:HAL - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,351 shares of the oilfield services company's stock after buying an additional 23,887 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Halliburton were worth $3,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Sanders Capital LLC raised its stake in shares of Halliburton by 1.6% in the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock worth $662,694,000 after buying an additional 375,054 shares during the period. Geode Capital Management LLC raised its stake in shares of Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after buying an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. Amundi grew its position in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Halliburton during the fourth quarter worth about $299,986,000. Institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

HAL has been the subject of several research analyst reports. Susquehanna cut their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. UBS Group cut their target price on Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, July 2nd. The Goldman Sachs Group cut their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Barclays cut their target price 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. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Trading Up 0.6%

Shares of Halliburton stock traded up $0.14 on Thursday, reaching $22.18. The company had a trading volume of 11,247,121 shares, compared to its average volume of 11,477,214. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 3.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. The firm's 50-day moving average price is $20.89 and its two-hundred day moving average price is $23.67. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $37.08.

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

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 28.45%.

Halliburton Company 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.