Halliburton Company $HAL Stock Acquired by Private Advisory Group LLC

Private Advisory Group LLC grew its holdings in shares of Halliburton Company (NYSE:HAL) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,941 shares of the oilfield services company’s stock after acquiring an additional 32,350 shares during the period. Private Advisory Group LLC’s holdings in Halliburton were worth $10,810,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Halliburton in the 2nd quarter valued at about $26,000. Kilter Group LLC bought a new stake in shares of Halliburton during the 2nd quarter valued at about $26,000. Silvant Capital Management LLC acquired a new stake in Halliburton during the second quarter worth approximately $28,000. Matrix Trust Co acquired a new stake in Halliburton during the second quarter worth approximately $29,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in Halliburton during the third quarter worth approximately $32,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jeffrey Slocum sold 52,572 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $32.75 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The stock has a 50-day moving average of $33.74 and a 200-day moving average of $35.73. The company has a market cap of $27.09 billion, a PE ratio of 13.70, a P/E/G ratio of 1.91 and a beta of 0.76. Halliburton Company has a one year low of $24.92 and a one year high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Halliburton Company will post 2.33 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd. Halliburton’s dividend payout ratio (DPR) is 28.45%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HAL shares. Royal Bank Of Canada boosted their price target on Halliburton from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Wall Street Zen cut Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $43.86.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.