Scott & Selber Inc. Purchases 32,328 Shares of Halliburton Company (NYSE:HAL)

Scott & Selber Inc. grew its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 39.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,663 shares of the oilfield services company's stock after purchasing an additional 32,328 shares during the period. Scott & Selber Inc.'s holdings in Halliburton were worth $2,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HAL. Sei Investments Co. boosted its position in shares of Halliburton by 18.2% in the 4th 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 boosted its holdings in Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after acquiring an additional 17,094 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of Halliburton by 97.1% in the fourth quarter. Aigen Investment Management LP now owns 138,026 shares of the oilfield services company's stock worth $3,753,000 after acquiring an additional 68,014 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Halliburton by 31.4% during the fourth quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company's stock valued at $1,415,000 after acquiring an additional 12,443 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Halliburton by 31.8% in the 4th quarter. Metis Global Partners LLC now owns 63,947 shares of the oilfield services company's stock worth $1,739,000 after purchasing an additional 15,439 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company raised 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 cut 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. Hsbc Global Res raised Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Susquehanna dropped their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.

Halliburton Stock Performance

Shares of NYSE:HAL traded down $0.07 during mid-day trading on Friday, reaching $20.58. 12,369,139 shares of the company traded hands, compared to its average volume of 11,301,133. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $37.08. The firm has a market cap of $17.69 billion, a PE ratio of 8.61, a PEG ratio of 3.16 and a beta of 1.14. The company's 50 day moving average price is $20.83 and its 200-day moving average price is $24.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46.

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 for the quarter, hitting the consensus estimate of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. On average, equities analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 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.