Oppenheimer & Co. Inc. grew its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 52.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,253 shares of the oilfield services company's stock after buying an additional 41,775 shares during the period. Oppenheimer & Co. Inc.'s holdings in Halliburton were worth $3,076,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Intact Investment Management Inc. acquired a new position in Halliburton in the 1st quarter valued at about $68,000. Citizens & Northern Corp grew its holdings in shares of Halliburton by 5.0% during the first quarter. Citizens & Northern Corp now owns 31,801 shares of the oilfield services company's stock worth $807,000 after buying an additional 1,506 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock valued at $440,000 after buying an additional 17,094 shares during the period. State of Alaska Department of Revenue boosted its position in Halliburton by 1.5% during the first quarter. State of Alaska Department of Revenue now owns 101,694 shares of the oilfield services company's stock worth $2,579,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Halliburton during the first quarter worth approximately $286,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on HAL shares. Wells Fargo & Company raised their price objective on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Morgan Stanley decreased their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. The Goldman Sachs Group cut their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their price target on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $33.58.
Get Our Latest Analysis on HAL
Halliburton Stock Performance
Shares of HAL traded up $0.37 during trading hours on Thursday, reaching $20.63. 9,820,316 shares of the company's stock traded hands, compared to its average volume of 11,281,057. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08. The business's fifty day simple moving average is $20.87 and its two-hundred day simple moving average is $24.12. 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 has a market capitalization of $17.73 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 3.24 and a beta of 1.14.
Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates 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 net margin of 9.31% and a return on equity of 24.01%. Analysts predict that Halliburton Company will post 2.64 earnings per share for the current 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 given a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.30%. Halliburton's dividend payout ratio (DPR) is 28.45%.
About Halliburton
(
Free Report)
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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