Mount Yale Investment Advisors LLC Buys 11,299 Shares of Halliburton (NYSE:HAL)

Mount Yale Investment Advisors LLC grew its stake in shares of Halliburton (NYSE:HAL) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,365 shares of the oilfield services company’s stock after purchasing an additional 11,299 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Halliburton were worth $4,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Halliburton by 0.3% during the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after acquiring an additional 377,500 shares in the last quarter. Vanguard Group Inc. increased its stake in Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after buying an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HAL. The Goldman Sachs Group dropped their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. UBS Group decreased their price target on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Jefferies Financial Group cut their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.74.

Halliburton Trading Up 0.2 %

Shares of HAL opened at $27.86 on Friday. Halliburton has a fifty-two week low of $27.51 and a fifty-two week high of $41.56. The business has a 50-day moving average of $29.82 and a 200 day moving average of $33.43. The firm has a market cap of $24.66 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.