Kingswood Wealth Advisors LLC Invests $286,000 in Halliburton Company (NYSE:HAL)

Kingswood Wealth Advisors LLC bought a new position in Halliburton Company (NYSE:HAL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,258 shares of the oilfield services company's stock, valued at approximately $286,000.

Several other institutional investors have also made changes to their positions in the company. Medici Capital LLC increased its position in shares of Halliburton by 993.1% in the first quarter. Medici Capital LLC now owns 191,300 shares of the oilfield services company's stock worth $4,853,000 after acquiring an additional 173,800 shares in the last quarter. Chicago Capital LLC acquired a new stake in shares of Halliburton during the first quarter worth approximately $212,000. Great Lakes Retirement Inc. boosted its holdings in shares of Halliburton by 8.2% during the first quarter. Great Lakes Retirement Inc. now owns 25,867 shares of the oilfield services company's stock worth $656,000 after purchasing an additional 1,960 shares during the period. Sowell Financial Services LLC boosted its holdings in shares of Halliburton by 5.5% during the first quarter. Sowell Financial Services LLC now owns 24,036 shares of the oilfield services company's stock worth $610,000 after purchasing an additional 1,262 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of Halliburton by 10.6% during the first quarter. Trust Co. of Toledo NA OH now owns 9,121 shares of the oilfield services company's stock worth $231,000 after purchasing an additional 874 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAL has been the subject of several research reports. Susquehanna decreased their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company raised 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. Stifel Nicolaus decreased their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group decreased 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. Finally, Morgan Stanley reduced their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $33.58.

Halliburton Price Performance

Shares of Halliburton stock opened at $22.26 on Monday. The firm has a fifty day simple moving average of $20.91 and a 200-day simple moving average of $24.23. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $37.08. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 3.48 and a beta of 1.14.

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 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 business had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. On average, sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is currently 28.45%.

About Halliburton

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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