Retirement Planning Co of New England Inc. Takes $307,000 Position in Halliburton Company $HAL

Key Points

• Retirement Planning Co of New England Inc. has made a new investment of approximately $307,000 in Halliburton Company, purchasing 12,102 shares in the first quarter.
• Institutional investors own 85.23% of Halliburton's stock, with significant increases in holdings from firms like Charles Schwab Investment Management and Deutsche Bank AG.
• Halliburton reported $0.55 earnings per share, matching consensus estimates, and announced a quarterly dividend of $0.17 per share, representing a dividend yield of 3.0%.

Retirement Planning Co of New England Inc. acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,102 shares of the oilfield services company's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ORG Partners LLC raised its position in shares of Halliburton by 13,675.2% during the 1st 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company's stock valued at $7,816,000 after buying an additional 91,791 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock valued at $4,047,000 after buying an additional 40,109 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Halliburton by 22.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock valued at $3,256,000 after buying an additional 23,887 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Halliburton by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company's stock valued at $70,530,000 after purchasing an additional 67,704 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HAL shares. Wells Fargo & Company reduced their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. UBS Group increased their target price on shares of Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Morgan Stanley reduced their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Royal Bank Of Canada reduced their target price on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Melius began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

Halliburton Trading Down 4.8%

Shares of HAL traded down $1.09 during trading hours on Wednesday, reaching $21.61. 12,583,002 shares of the company traded hands, compared to its average volume of 9,720,602. The company's fifty day moving average price is $21.69 and its two-hundred day moving average price is $22.19. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 10.10 and a beta of 1.10. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. Equities research analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's payout ratio is presently 31.78%.

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.