SeaCrest Wealth Management LLC Purchases 4,135 Shares of Halliburton (NYSE:HAL)

SeaCrest Wealth Management LLC increased its position in shares of Halliburton (NYSE:HAL) by 43.1% during the second quarter, HoldingsChannel reports. The fund owned 13,739 shares of the oilfield services company’s stock after buying an additional 4,135 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Halliburton were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. First Horizon Advisors Inc. boosted its stake in shares of Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares in the last quarter. Massachusetts Wealth Management grew its holdings in Halliburton by 1.7% during the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after acquiring an additional 300 shares during the last quarter. Beacon Capital Management LLC increased its position in Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the period. Guinness Atkinson Asset Management Inc increased its position in Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after acquiring an additional 330 shares during the period. Finally, Moody National Bank Trust Division raised its stake in shares of Halliburton by 2.9% during the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after acquiring an additional 336 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HAL shares. UBS Group increased their price objective on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Jefferies Financial Group decreased their price target on Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus cut their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Barclays decreased their target price 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. Finally, Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.35.

Insider Activity at Halliburton

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

Halliburton Stock Up 1.3 %

HAL stock traded up $0.39 during mid-day trading on Wednesday, reaching $31.47. 772,748 shares of the company traded hands, compared to its average volume of 7,487,867. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average price is $33.21 and its 200 day moving average price is $35.67. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.12 and a beta of 1.93. Halliburton has a fifty-two week low of $30.31 and a fifty-two week high of $43.85.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS 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 company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts predict that Halliburton will post 3.18 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Halliburton Company Profile

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.