ORG Partners LLC lifted its stake in shares of 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. The institutional investor owned 17,219 shares of the oilfield services company's stock after purchasing an additional 17,094 shares during the period. ORG Partners LLC's holdings in Halliburton were worth $440,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Halliburton by 18.2% during the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after acquiring an additional 42,876 shares during the last quarter. Scott & Selber Inc. grew its holdings in shares of Halliburton by 109.9% during the fourth quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company's stock worth $2,211,000 after buying an additional 42,590 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of Halliburton by 97.1% in the fourth quarter. Aigen Investment Management LP now owns 138,026 shares of the oilfield services company's stock valued at $3,753,000 after purchasing an additional 68,014 shares during the last quarter. Delta Financial Group Inc. bought a new stake in Halliburton during the 4th quarter worth about $277,000. Finally, NEOS Investment Management LLC boosted its position in Halliburton by 31.4% during the fourth quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company's stock valued at $1,415,000 after purchasing an additional 12,443 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Morgan Stanley lowered their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price 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, Susquehanna lowered their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.
Get Our Latest Report on HAL
Halliburton Stock Performance
Shares of HAL stock traded up $0.02 on Tuesday, hitting $20.79. 19,633,960 shares of the stock were exchanged, compared to its average volume of 11,255,419. 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 firm has a market capitalization of $17.87 billion, a PE ratio of 8.70, a P/E/G ratio of 3.48 and a beta of 1.14. Halliburton Company has a one year low of $18.72 and a one year high of $37.08. The firm's 50 day moving average is $20.90 and its two-hundred day moving average is $24.17.
Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.27%. The ex-dividend date is Wednesday, June 4th. Halliburton's payout ratio is 28.45%.
About Halliburton
(
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.
See Also
Before you consider Halliburton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Halliburton wasn't on the list.
While Halliburton currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
