Halliburton (NYSE:HAL) Shares Acquired by LRI Investments LLC

LRI Investments LLC grew its holdings in Halliburton (NYSE:HAL) by 3,030.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,683 shares of the oilfield services company’s stock after buying an additional 14,214 shares during the quarter. LRI Investments LLC’s holdings in Halliburton were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HAL. First Horizon Advisors Inc. raised its holdings in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 295 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after purchasing an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. Northwest Bank & Trust Co raised its holdings in Halliburton by 3.2% during the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after purchasing an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL stock opened at $29.07 on Tuesday. The stock has a 50-day moving average price of $29.87 and a two-hundred day moving average price of $31.48. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The company has a market cap of $25.54 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.56 and a beta of 1.90.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the firm posted $0.79 EPS. Halliburton’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts predict that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HAL shares. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. BMO Capital Markets cut their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group cut their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Raymond James cut their price target on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Finally, Wells Fargo & Company cut their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.58.

Halliburton 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.