Gries Financial LLC Takes $390,000 Position in Halliburton Company (NYSE:HAL)

Gries Financial LLC bought a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,358 shares of the oilfield services company's stock, valued at approximately $390,000.

A number of other large investors have also recently modified their holdings of the stock. Gallacher Capital Management LLC increased its stake in shares of Halliburton by 41.8% in the 1st quarter. Gallacher Capital Management LLC now owns 27,145 shares of the oilfield services company's stock worth $689,000 after acquiring an additional 8,008 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Halliburton by 149.7% in the first quarter. Lindbrook Capital LLC now owns 9,258 shares of the oilfield services company's stock worth $235,000 after purchasing an additional 5,550 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Halliburton by 3.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 67,710 shares of the oilfield services company's stock worth $1,718,000 after purchasing an additional 2,388 shares during the period. IFP Advisors Inc grew its holdings in Halliburton by 15.8% in the first quarter. IFP Advisors Inc now owns 21,565 shares of the oilfield services company's stock worth $547,000 after purchasing an additional 2,947 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in Halliburton by 18.5% in the first quarter. AustralianSuper Pty Ltd now owns 175,277 shares of the oilfield services company's stock worth $4,447,000 after purchasing an additional 27,387 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

HAL opened at $21.23 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 3.35 and a beta of 1.13. The company's 50 day moving average is $21.15 and its 200 day moving average is $23.37. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $34.97.

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, missing analysts' consensus estimates of $0.57 by ($0.02). Halliburton had a return on equity of 24.01% and a net margin of 9.31%. On average, equities research analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.20%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Analysts Set New Price Targets

HAL has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of 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 objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Stifel Nicolaus reduced their price objective on shares of Halliburton from $32.00 to $31.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, UBS Group reduced their price objective on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.47.

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.

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