Hardin Capital Partners LLC Takes $278,000 Position in Halliburton (NYSE:HAL)

Hardin Capital Partners LLC acquired a new position in shares of Halliburton (NYSE:HAL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,240 shares of the oilfield services company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 9258 Wealth Management LLC raised its holdings in shares of Halliburton by 14.0% in the fourth quarter. 9258 Wealth Management LLC now owns 30,879 shares of the oilfield services company’s stock worth $1,116,000 after buying an additional 3,803 shares during the last quarter. Principal Securities Inc. purchased a new stake in Halliburton during the 4th quarter valued at about $285,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Halliburton by 7.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,924 shares of the oilfield services company’s stock valued at $648,000 after purchasing an additional 1,304 shares during the period. Avantax Advisory Services Inc. grew its position in Halliburton by 27.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 13,827 shares of the oilfield services company’s stock valued at $500,000 after buying an additional 2,952 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Halliburton by 5.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 888,985 shares of the oilfield services company’s stock valued at $32,510,000 after buying an additional 42,665 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.2 %

NYSE HAL opened at $28.02 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The stock has a market capitalization of $24.73 billion, a P/E ratio of 9.69, a PEG ratio of 0.95 and a beta of 1.89. The firm’s 50-day moving average is $32.01 and its two-hundred day moving average is $35.10. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85.

Halliburton (NYSE:HAL) last posted its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HAL. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Barclays reduced their price objective on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. Royal Bank of Canada cut their price objective on Halliburton from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, Bank of America reduced their price objective on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $44.88.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.