Hara Capital LLC Acquires 19,591 Shares of Halliburton Company (NYSE:HAL)

Hara Capital LLC grew its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 36.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,875 shares of the oilfield services company's stock after purchasing an additional 19,591 shares during the quarter. Halliburton comprises approximately 1.3% of Hara Capital LLC's portfolio, making the stock its 20th biggest holding. Hara Capital LLC's holdings in Halliburton were worth $1,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Halliburton by 8.9% during the 1st quarter. Allworth Financial LP now owns 8,897 shares of the oilfield services company's stock valued at $226,000 after buying an additional 729 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its stake in Halliburton by 28.9% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 56,755 shares of the oilfield services company's stock worth $1,423,000 after purchasing an additional 12,713 shares in the last quarter. Banque Pictet & Cie SA lifted its stake in Halliburton by 27.6% in the 1st quarter. Banque Pictet & Cie SA now owns 69,884 shares of the oilfield services company's stock worth $1,773,000 after purchasing an additional 15,122 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Halliburton by 17.0% in the first quarter. Greenleaf Trust now owns 16,508 shares of the oilfield services company's stock worth $419,000 after purchasing an additional 2,399 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Halliburton by 12.0% in the first quarter. Brown Advisory Inc. now owns 23,712 shares of the oilfield services company's stock worth $602,000 after purchasing an additional 2,536 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Up 3.5%

Halliburton stock traded up $0.78 during mid-day trading on Friday, reaching $22.94. 12,754,411 shares of the company traded hands, compared to its average volume of 11,506,813. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. The firm's 50 day moving average price is $20.94 and its 200 day moving average price is $23.64. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 3.47 and a beta of 1.13. Halliburton Company has a 52-week low of $18.72 and a 52-week 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. On average, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio is presently 28.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group decreased their price target on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, July 2nd. Morgan Stanley dropped their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company raised their price objective on Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. The Goldman Sachs Group decreased their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.53.

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.