Pallas Capital Advisors LLC acquired a new position in shares of Halliburton (NYSE:HAL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,389 shares of the oilfield services company's stock, valued at approximately $568,000.
A number of other institutional investors also recently made changes to their positions in HAL. Wesbanco Bank Inc. raised its position in Halliburton by 59.3% during the first quarter. Wesbanco Bank Inc. now owns 258,543 shares of the oilfield services company's stock valued at $6,559,000 after purchasing an additional 96,236 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Halliburton by 10.9% in the first quarter. Gateway Investment Advisers LLC now owns 469,346 shares of the oilfield services company's stock worth $11,907,000 after purchasing an additional 45,961 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Halliburton by 34.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,998 shares of the oilfield services company's stock worth $355,000 after acquiring an additional 3,555 shares during the period. HBW Advisory Services LLC grew its holdings in Halliburton by 25.8% during the 1st quarter. HBW Advisory Services LLC now owns 13,212 shares of the oilfield services company's stock worth $335,000 after acquiring an additional 2,708 shares during the period. Finally, Merit Financial Group LLC raised its holdings in shares of Halliburton by 206.8% during the first quarter. Merit Financial Group LLC now owns 44,440 shares of the oilfield services company's stock valued at $1,127,000 after purchasing an additional 29,953 shares during the period. Institutional investors own 85.23% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on HAL. Wells Fargo & Company upped their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Barclays lowered their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group lowered their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Susquehanna reduced their price objective on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.58.
Get Our Latest Report on Halliburton
Halliburton Stock Performance
HAL traded up $1.22 on Friday, hitting $23.20. The company's stock had a trading volume of 22,807,677 shares, compared to its average volume of 11,135,650. The company's 50 day simple moving average is $20.74 and its 200-day simple moving average is $24.63. The firm has a market cap of $19.95 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 3.79 and a beta of 1.14. Halliburton has a 12 month low of $18.72 and a 12 month high of $37.08. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.
Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Analysts forecast that Halliburton will post 2.64 EPS for the current year.
Halliburton Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is currently 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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