Ellsworth Advisors LLC Purchases 3,460 Shares of Halliburton (NYSE:HAL)

Ellsworth Advisors LLC boosted its position in shares of Halliburton (NYSE:HAL) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,988 shares of the oilfield services company’s stock after acquiring an additional 3,460 shares during the quarter. Ellsworth Advisors LLC’s holdings in Halliburton were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAL. Rise Advisors LLC bought a new stake in Halliburton in the first quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its position in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares during the period. Crewe Advisors LLC acquired a new position in shares of Halliburton in the first quarter valued at $46,000. Country Trust Bank acquired a new position in shares of Halliburton in the third quarter valued at $36,000. Finally, Beacon Capital Management LLC raised its position in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HAL shares. Barclays decreased their price target on shares of Halliburton from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group decreased their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Morgan Stanley dropped their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Piper Sandler decreased their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Dbs Bank initiated coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Stock Down 2.1 %

HAL stock opened at $28.34 on Friday. The firm has a 50-day moving average price of $30.00 and a 200-day moving average price of $33.74. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.83. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $25.09 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities research analysts anticipate that Halliburton will post 3.13 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

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.