Mraz Amerine & Associates Inc. Boosts Stock Position in Halliburton Company (NYSE:HAL)

Mraz Amerine & Associates Inc. lifted its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 28.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,755 shares of the oilfield services company's stock after purchasing an additional 12,713 shares during the period. Mraz Amerine & Associates Inc.'s holdings in Halliburton were worth $1,423,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Banque Pictet & Cie SA increased its stake in shares of Halliburton by 27.6% in the 1st quarter. Banque Pictet & Cie SA now owns 69,884 shares of the oilfield services company's stock valued at $1,773,000 after acquiring an additional 15,122 shares in the last quarter. Greenleaf Trust grew its position in Halliburton by 17.0% in the 1st 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 in the last quarter. Brown Advisory Inc. increased its position in shares of Halliburton by 12.0% during the 1st quarter. Brown Advisory Inc. now owns 23,712 shares of the oilfield services company's stock valued at $602,000 after purchasing an additional 2,536 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Halliburton by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 402,532 shares of the oilfield services company's stock worth $10,212,000 after purchasing an additional 13,291 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after acquiring an additional 656 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

Shares of HAL traded up $0.16 on Thursday, reaching $22.20. The company's stock had a trading volume of 5,568,494 shares, compared to its average volume of 11,455,744. 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 stock has a market capitalization of $19.08 billion, a P/E ratio of 9.29, a PEG ratio of 3.49 and a beta of 1.13. The stock's 50 day simple moving average is $20.89 and its two-hundred day simple moving average is $23.67. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $37.08.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio is 28.45%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAL. Wells Fargo & Company boosted their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Stifel Nicolaus decreased their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. UBS Group decreased their target price on Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Citigroup lowered their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley dropped their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.53.

Halliburton Company 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.