Halliburton (NYSE:HAL) Shares Acquired by Central Valley Advisors LLC

Central Valley Advisors LLC boosted its position in shares of Halliburton (NYSE:HAL) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,989 shares of the oilfield services company’s stock after purchasing an additional 2,051 shares during the period. Central Valley Advisors LLC’s holdings in Halliburton were worth $1,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after buying an additional 3,203,224 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Halliburton in the third quarter valued at $55,132,000. Thrivent Financial for Lutherans boosted its stake in Halliburton by 22.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after acquiring an additional 995,649 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Halliburton by 127.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock worth $52,600,000 after acquiring an additional 871,789 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $29.28 on Friday. The firm has a market capitalization of $25.72 billion, a PE ratio of 10.20, a P/E/G ratio of 3.36 and a beta of 1.91. 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 firm has a 50-day moving average price of $28.93 and a 200 day moving average price of $30.19. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.32%. Halliburton’s dividend payout ratio is currently 23.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HAL shares. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Bank of America reduced their target price on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.26.

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.