Oak Thistle LLC Raises Position in Halliburton Company (NYSE:HAL)

Oak Thistle LLC boosted its position in Halliburton Company (NYSE:HAL - Free Report) by 90.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,076 shares of the oilfield services company's stock after purchasing an additional 33,188 shares during the period. Oak Thistle LLC's holdings in Halliburton were worth $1,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Mascagni Wealth Management Inc. acquired a new position in Halliburton in the 4th quarter worth about $28,000. Hexagon Capital Partners LLC increased its holdings in Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after purchasing an additional 656 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in Halliburton in the 4th quarter worth about $39,000. Versant Capital Management Inc increased its holdings in Halliburton by 830.5% in the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock worth $52,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Halliburton in the 1st quarter valued at about $57,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HAL shares. Wells Fargo & Company reduced their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday. UBS Group reduced their price target on Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock 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, Susquehanna reduced their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.61.

Halliburton Stock Up 0.2%

NYSE:HAL traded up $0.05 on Friday, hitting $22.47. The stock had a trading volume of 15,727,914 shares, compared to its average volume of 14,436,213. The business's fifty day moving average is $21.22 and its 200 day moving average is $23.24. The company has a market cap of $19.31 billion, a PE ratio of 10.50, a P/E/G ratio of 3.79 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $34.97.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, equities 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, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) 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.