Modus Advisors LLC Acquires New Shares in Halliburton (NYSE:HAL)

Modus Advisors LLC bought a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,391 shares of the oilfield services company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Country Trust Bank bought a new stake in Halliburton in the third quarter worth $36,000. Continuum Advisory LLC lifted its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the 3rd quarter worth about $44,000. Venturi Wealth Management LLC increased its holdings in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HAL. Susquehanna lowered their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Morgan Stanley lowered their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Barclays reaffirmed an “equal weight” rating and issued a $33.00 price target (down from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Finally, BMO Capital Markets decreased their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $38.95.

Halliburton Stock Down 0.2 %

Shares of HAL opened at $27.68 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $30.59. The stock has a market cap of $24.32 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 3.55 and a beta of 1.90. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 EPS. Halliburton’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

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.