Wealthfront Advisers LLC Raises Stock Holdings in Halliburton Company (NYSE:HAL)

Wealthfront Advisers LLC lifted its stake in Halliburton Company (NYSE:HAL - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,302 shares of the oilfield services company's stock after purchasing an additional 20,256 shares during the quarter. Wealthfront Advisers LLC's holdings in Halliburton were worth $5,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new position in Halliburton in the 4th quarter worth about $28,000. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton during the 4th quarter valued at about $33,000. Hexagon Capital Partners LLC increased its position in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after purchasing an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Halliburton during the 4th quarter valued at about $39,000. Finally, Versant Capital Management Inc increased its position in shares of Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after purchasing an additional 1,827 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HAL shares. Morgan Stanley reduced their price target on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Stifel Nicolaus reduced their price target on shares of Halliburton from $32.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday. Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Citigroup cut their price objective on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Hsbc Global Res upgraded Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average target price of $33.47.

Halliburton Price Performance

HAL stock traded up $0.33 during midday trading on Thursday, hitting $21.57. The company's stock had a trading volume of 9,924,494 shares, compared to its average volume of 11,607,508. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $37.08. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 3.36 and a beta of 1.13. The company has a 50 day moving average of $21.11 and a two-hundred day moving average of $23.51.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $5.42 billion for 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%. On average, analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.15%. Halliburton's dividend payout ratio (DPR) is 28.45%.

Halliburton 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.