Sanctuary Advisors LLC Grows Stake in Halliburton (NYSE:HAL)

Sanctuary Advisors LLC increased its holdings in shares of Halliburton (NYSE:HAL) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,788 shares of the oilfield services company’s stock after purchasing an additional 4,970 shares during the quarter. Sanctuary Advisors LLC’s holdings in Halliburton were worth $2,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Assenagon Asset Management S.A. grew its position in shares of Halliburton by 3.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,629 shares of the oilfield services company’s stock valued at $764,000 after buying an additional 675 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Halliburton by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 93,233 shares of the oilfield services company’s stock worth $3,149,000 after purchasing an additional 441 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Halliburton during the second quarter worth about $330,000. &PARTNERS lifted its holdings in shares of Halliburton by 17.6% in the 2nd quarter. &PARTNERS now owns 15,845 shares of the oilfield services company’s stock valued at $535,000 after purchasing an additional 2,373 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Halliburton by 4.1% in the 2nd quarter. New York State Teachers Retirement System now owns 945,773 shares of the oilfield services company’s stock valued at $31,948,000 after purchasing an additional 37,613 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL stock opened at $26.15 on Thursday. The firm has a 50 day moving average of $29.55 and a 200-day moving average of $31.12. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 3.61 and a beta of 1.90. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 12-month low of $26.11 and a 12-month high of $41.56.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.60%. Halliburton’s payout ratio is 23.69%.

Wall Street Analyst Weigh In

HAL has been the topic of several research analyst reports. Bank of America cut their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Dbs Bank started coverage on shares of Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Raymond James reduced their target price on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets dropped their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $39.79.

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.