10,245 Shares in Halliburton Company $HAL Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,245 shares of the oilfield services company’s stock, valued at approximately $209,000.

Several other large investors also recently bought and sold shares of the stock. Cerro Pacific Wealth Advisors LLC grew its position in Halliburton by 4.3% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock worth $277,000 after purchasing an additional 559 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Halliburton by 8.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock worth $174,000 after purchasing an additional 562 shares during the last quarter. International Assets Investment Management LLC grew its position in Halliburton by 2.6% during the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock worth $455,000 after purchasing an additional 566 shares during the last quarter. Mediolanum International Funds Ltd grew its position in Halliburton by 0.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock worth $1,815,000 after purchasing an additional 584 shares during the last quarter. Finally, AE Wealth Management LLC grew its position in Halliburton by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock worth $316,000 after purchasing an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HAL shares. Stifel Nicolaus set a $32.00 target price on shares of Halliburton in a research report on Wednesday, October 22nd. Zacks Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Melius started coverage on shares of 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 upped their price objective on shares of Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group upped their price objective on shares of Halliburton from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Halliburton Stock Performance

Shares of NYSE HAL opened at $26.85 on Friday. The company’s fifty day moving average price is $23.64 and its 200 day moving average price is $22.05. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The company has a market capitalization of $22.59 billion, a PE ratio of 17.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. 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 2.5%. Halliburton’s dividend payout ratio is 45.03%.

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.