Halliburton (NYSE:HAL) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its holdings in Halliburton (NYSE:HAL) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,484 shares of the oilfield services company’s stock after purchasing an additional 7,768 shares during the quarter. PFG Investments LLC’s holdings in Halliburton were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HAL. Country Trust Bank acquired a new stake in Halliburton during the 3rd quarter valued at $36,000. Continuum Advisory LLC boosted its stake in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the last quarter. Modus Advisors LLC purchased a new stake in Halliburton during the 4th quarter worth about $38,000. ORG Wealth Partners LLC acquired a new position in Halliburton in the 3rd quarter valued at about $44,000. Finally, Mattson Financial Services LLC purchased a new position in Halliburton in the 2nd quarter valued at about $54,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HAL. Evercore ISI lowered their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company cut their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Finally, Stifel Nicolaus decreased their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Price Performance

HAL stock opened at $26.51 on Friday. The firm has a market cap of $23.28 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56. The stock has a 50-day simple moving average of $28.58 and a 200-day simple moving average of $29.83.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, equities analysts predict that Halliburton will post 2.94 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.57%. Halliburton’s payout ratio is currently 24.03%.

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.