Halliburton (HAL) Position Raised by Lido Advisors LLC

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Lido Advisors LLC increased its holdings in Halliburton (NYSE:HAL) by 19.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,049 shares of the oilfield services company’s stock after buying an additional 2,580 shares during the period. Lido Advisors LLC’s holdings in Halliburton were worth $650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. purchased a new stake in Halliburton during the third quarter valued at about $103,000. Avestar Capital LLC raised its position in Halliburton by 1,159.6% during the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after purchasing an additional 2,180 shares in the last quarter. Whitener Capital Management Inc. purchased a new stake in Halliburton during the third quarter valued at about $106,000. Sun Life Financial INC raised its position in Halliburton by 1,170.1% during the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after purchasing an additional 2,188 shares in the last quarter. Finally, Lee Financial Co purchased a new stake in Halliburton during the third quarter valued at about $118,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Shares of NYSE:HAL opened at $29.68 on Friday. Halliburton has a 12-month low of $29.24 and a 12-month high of $57.86. The stock has a market cap of $26.10 billion, a PE ratio of 14.75, a P/E/G ratio of 0.87 and a beta of 1.06. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Halliburton will post 1.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. Halliburton’s dividend payout ratio (DPR) is currently 59.02%.

HAL has been the topic of a number of research reports. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a research report on Friday, September 7th. Wolfe Research initiated coverage on Halliburton in a research report on Wednesday, October 10th. They set an “outperform” rating on the stock. UBS Group set a $50.00 price target on Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group set a $51.00 price target on Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.24.

In other news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Anne L. Beaty sold 1,210 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $36.23, for a total value of $43,838.30. The disclosure for this sale can be found here. Insiders have sold 24,399 shares of company stock worth $924,648 over the last ninety days. Insiders own 0.54% of the company’s stock.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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