Massachusetts Wealth Management Acquires 28,125 Shares of Halliburton (NYSE:HAL)

Massachusetts Wealth Management raised its stake in Halliburton (NYSE:HAL) by 180.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,675 shares of the oilfield services company’s stock after buying an additional 28,125 shares during the quarter. Massachusetts Wealth Management’s holdings in Halliburton were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Halliburton in the 2nd quarter worth $2,257,000. Czech National Bank boosted its position in shares of Halliburton by 6.6% during the third quarter. Czech National Bank now owns 179,841 shares of the oilfield services company’s stock worth $5,224,000 after buying an additional 11,138 shares during the period. GAMMA Investing LLC grew its holdings in shares of Halliburton by 19.5% during the third quarter. GAMMA Investing LLC now owns 10,621 shares of the oilfield services company’s stock worth $309,000 after buying an additional 1,730 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in Halliburton by 3.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 97,614 shares of the oilfield services company’s stock valued at $2,836,000 after buying an additional 2,820 shares during the last quarter. Finally, City Center Advisors LLC bought a new stake in Halliburton in the 3rd quarter valued at approximately $231,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAL. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company reduced their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Morgan Stanley lowered their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Up 3.3 %

HAL stock opened at $26.35 on Wednesday. Halliburton has a fifty-two week low of $25.21 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 3.60 and a beta of 1.89. The business’s fifty day moving average price is $28.11 and its two-hundred day moving average price is $29.52.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter last year, the firm earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

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.