Sheaff Brock Investment Advisors LLC Has $243,000 Position in Halliburton (NYSE:HAL)

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Sheaff Brock Investment Advisors LLC lifted its stake in Halliburton (NYSE:HAL) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,707 shares of the oilfield services company’s stock after buying an additional 600 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Halliburton were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Research & Management Co. bought a new position in Halliburton during the first quarter worth about $29,000. Barnett & Company Inc. bought a new position in Halliburton during the first quarter worth about $29,000. Mascoma Wealth Management LLC bought a new position in Halliburton during the first quarter worth about $30,000. Berman Capital Advisors LLC lifted its stake in Halliburton by 46.0% during the first quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 395 shares during the period. Finally, Asset Planning Services Ltd. lifted its stake in Halliburton by 903.2% during the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 1,129 shares during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.

Shares of Halliburton stock traded down $0.63 during midday trading on Thursday, reaching $17.70. The company had a trading volume of 103,595 shares, compared to its average volume of 14,584,238. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The firm has a market cap of $17.00 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30. The company’s fifty day moving average is $22.12. Halliburton has a 1-year low of $18.12 and a 1-year high of $42.57.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. Halliburton’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. Equities research analysts expect that Halliburton will post 1.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, September 3rd. Halliburton’s dividend payout ratio is currently 37.89%.

HAL has been the subject of a number of analyst reports. Edward Jones cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. Stephens cut their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Cowen restated an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Halliburton in a research note on Tuesday, July 23rd. Seaport Global Securities set a $49.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley cut their target price on shares of Halliburton from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Halliburton currently has an average rating of “Buy” and an average price target of $39.78.

Halliburton 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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