Halliburton Company $HAL Shares Acquired by Huntington National Bank

Huntington National Bank lifted its position in shares of Halliburton Company (NYSE:HAL) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,483 shares of the oilfield services company’s stock after purchasing an additional 3,964 shares during the period. Huntington National Bank’s holdings in Halliburton were worth $499,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC raised its stake in Halliburton by 4.3% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after buying an additional 559 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Halliburton by 8.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock valued at $174,000 after acquiring an additional 562 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Halliburton by 2.6% during the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock worth $455,000 after acquiring an additional 566 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Halliburton by 0.8% during the first quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock worth $1,815,000 after purchasing an additional 584 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Halliburton by 5.1% in the first quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock valued at $316,000 after purchasing an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAL. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Melius Research assumed coverage on shares of Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Zacks Research raised Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus set a $32.00 target price on Halliburton in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.73.

Halliburton Price Performance

Shares of HAL opened at $27.41 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The firm has a 50-day simple moving average of $24.03 and a 200-day simple moving average of $22.19. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 18.15 and a beta of 1.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the business earned $0.73 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s payout ratio is currently 45.03%.

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.