Atria Investments Inc Acquires 5,072 Shares of Halliburton Company $HAL

Atria Investments Inc raised its stake in shares of Halliburton Company (NYSE:HAL) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,746 shares of the oilfield services company’s stock after purchasing an additional 5,072 shares during the period. Atria Investments Inc’s holdings in Halliburton were worth $688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of Halliburton in the first quarter worth approximately $30,000. Zions Bancorporation National Association UT bought a new position in Halliburton during the 1st quarter worth approximately $37,000. CVA Family Office LLC raised its holdings in Halliburton by 94.8% during the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 916 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of 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 purchasing an additional 993 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Halliburton by 252.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock valued at $41,000 after purchasing an additional 1,428 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HAL. Stifel Nicolaus set a $32.00 target price on shares of Halliburton in a research note on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Zephirin Group upped their target price on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group lifted their target price on Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group boosted their price target on Halliburton from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.48.

Halliburton Trading Up 0.9%

NYSE HAL opened at $27.56 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The business has a 50 day moving average price of $24.13 and a 200-day moving average price of $22.24. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 18.25 and a beta of 1.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $0.73 EPS. Halliburton’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal 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 given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.5%. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

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.