Retirement Planning Co of New England Inc. Buys New Position in Halliburton Company (NYSE:HAL)

Retirement Planning Co of New England Inc. bought a new stake in Halliburton Company (NYSE:HAL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,102 shares of the oilfield services company's stock, valued at approximately $307,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in Halliburton by 18.2% during the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after purchasing an additional 42,876 shares in the last quarter. ORG Partners LLC increased its position in Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after buying an additional 17,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Halliburton by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after acquiring an additional 40,109 shares during the last quarter. NEOS Investment Management LLC boosted its stake in shares of Halliburton by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company's stock worth $1,415,000 after purchasing an additional 12,443 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Halliburton in the 4th quarter valued at $7,236,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HAL shares. Barclays cut their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Susquehanna cut their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.47.

Halliburton Stock Up 1.5%

Shares of Halliburton stock opened at $21.57 on Friday. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08. The stock has a market capitalization of $18.54 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 3.36 and a beta of 1.13. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. The business's 50 day simple moving average is $21.13 and its 200-day simple moving average is $23.47.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Equities research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors 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 3.15%. Halliburton's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.