Aptus Capital Advisors LLC Grows Stock Position in Halliburton (NYSE:HAL)

Aptus Capital Advisors LLC increased its position in shares of Halliburton (NYSE:HAL) by 58.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,622 shares of the oilfield services company’s stock after buying an additional 3,540 shares during the period. Aptus Capital Advisors LLC’s holdings in Halliburton were worth $280,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Country Trust Bank acquired a new stake in Halliburton in the third quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its stake in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after buying an additional 822 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton in the 3rd quarter valued at $44,000. Crewe Advisors LLC acquired a new stake in Halliburton in the 1st quarter valued at about $46,000. Finally, Venturi Wealth Management LLC raised its position in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 1.4 %

HAL opened at $29.69 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 stock has a market cap of $26.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.70 and a beta of 1.89. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company’s 50-day moving average price is $29.14 and its two-hundred day moving average price is $32.23.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the company posted $0.79 EPS. The business’s revenue was down 1.8% on a year-over-year basis. As a group, equities analysts expect that Halliburton will post 3.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HAL shares. Wells Fargo & Company dropped their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Dbs Bank started coverage on Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Stifel Nicolaus dropped their target price on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Finally, Evercore ISI lowered their price target on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

Halliburton 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.