ORG Partners LLC raised its stake in Halliburton Company (NYSE:HAL - Free Report) by 13,675.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,219 shares of the oilfield services company's stock after buying an additional 17,094 shares during the quarter. ORG Partners LLC's holdings in Halliburton were worth $440,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in Halliburton during the fourth quarter worth about $28,000. Horrell Capital Management Inc. purchased a new stake in Halliburton during the fourth quarter worth about $33,000. Vermillion Wealth Management Inc. purchased a new stake in Halliburton during the fourth quarter worth about $39,000. Blume Capital Management Inc. increased its stake in Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc increased its stake in Halliburton by 830.5% during the first 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 during the period. Institutional investors and hedge funds own 85.23% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on HAL shares. Susquehanna cut their price target 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. Barclays lowered their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. UBS Group lowered their price target on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group lowered their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.
Read Our Latest Analysis on Halliburton
Halliburton Stock Down 0.1%
Shares of NYSE:HAL opened at $22.26 on Friday. The stock has a market cap of $19.14 billion, a P/E ratio of 9.31, a P/E/G ratio of 3.48 and a beta of 1.14. The firm has a fifty day moving average price of $20.91 and a 200 day moving average price of $24.31. 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 Company has a 1-year low of $18.72 and a 1-year high of $37.08.
Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current year.
Halliburton Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is presently 28.45%.
Halliburton Company Profile
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Free Report)
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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