Kingstone Capital Partners Texas LLC Makes New Investment in Halliburton Company $HAL

Key Points

• Kingstone Capital Partners Texas LLC has acquired 14,070 shares of Halliburton Company (NYSE: HAL), valued at approximately $287,000, indicating growing institutional interest in the oilfield services sector.
• Several institutional investors significantly increased their stakes in Halliburton, with ORG Partners LLC raising theirs by 13,675.2% during the first quarter, highlighting a positive shift in market sentiment.
• Analysts have set varying price targets for Halliburton, with Barclays lowering their target from $26.00 to $22.00, while Melius Research assigned a "buy" rating with a target of $41.00, reflecting differing outlooks on the company's performance.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Halliburton Company (NYSE:HAL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,070 shares of the oilfield services company's stock, valued at approximately $287,000.

Other large investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter worth $28,000. Stone House Investment Management LLC bought a new position in shares of Halliburton in the 1st quarter worth $30,000. Hexagon Capital Partners LLC grew 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 worth $36,000 after buying an additional 656 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of Halliburton during the fourth quarter worth $39,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Halliburton during the first quarter worth about $37,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Up 0.6%

Halliburton stock traded up $0.14 during midday trading on Monday, hitting $22.65. 13,440,872 shares of the stock were exchanged, compared to its average volume of 10,844,546. The firm has a market cap of $19.31 billion, a P/E ratio of 10.58 and a beta of 1.10. The company has a 50 day moving average price of $21.87 and a two-hundred day moving average price of $21.83. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL - Get Free Report) last released 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 company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, sell-side analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. Halliburton's dividend payout ratio is currently 31.78%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAL. Royal Bank Of Canada reduced their price objective on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus reduced their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. UBS Group boosted their price objective on shares of Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Melius Research started coverage on Halliburton in a research note on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective for the company. Finally, Melius began coverage on Halliburton in a research report on Wednesday, August 20th. They set a "buy" rating and a $41.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and a consensus price target of $31.37.

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.