Halliburton Company $HAL Shares Acquired by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Halliburton Company (NYSE:HAL) by 38.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,094 shares of the oilfield services company’s stock after acquiring an additional 5,897 shares during the quarter. MGO One Seven LLC’s holdings in Halliburton were worth $430,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in shares of Halliburton in the first quarter worth $30,000. Hexagon Capital Partners LLC grew its holdings in shares of Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 656 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Halliburton in the 1st quarter valued at $37,000. Bartlett & CO. Wealth Management LLC raised its stake in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after acquiring an additional 993 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its position in Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 1,883 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

NYSE:HAL opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The company has a 50 day moving average price of $22.63 and a 200-day moving average price of $21.66. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.02.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. Equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. Halliburton’s dividend payout ratio is presently 31.78%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HAL shares. Melius Research initiated coverage on Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of Halliburton from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. UBS Group upped their price objective on shares of Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada raised their target price on shares of Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $30.61.

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.