Oppenheimer & Co. Inc. Has $3.08 Million Holdings in Halliburton Company (NYSE:HAL)

Oppenheimer & Co. Inc. lifted its position in shares of Halliburton Company (NYSE:HAL) by 52.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,253 shares of the oilfield services company’s stock after purchasing an additional 41,775 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Halliburton were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at $28,000. Horrell Capital Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at $33,000. Vermillion Wealth Management Inc. acquired a new position in Halliburton in the fourth quarter worth $39,000. Blume Capital Management Inc. boosted its stake in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Halliburton by 830.5% in the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock worth $52,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 2.3%

NYSE HAL opened at $20.30 on Thursday. The stock has a 50-day simple moving average of $20.87 and a 200 day simple moving average of $24.12. The company has a market capitalization of $17.45 billion, a PE ratio of 8.49, a P/E/G ratio of 3.24 and a beta of 1.14. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $37.08.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Research analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.35%. Halliburton’s payout ratio is 28.45%.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of recent analyst reports. Hsbc Global Res raised Halliburton to a “hold” rating in a research note on Wednesday, April 23rd. Citigroup reduced their price objective on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on Halliburton from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. Finally, UBS Group reduced their price objective on Halliburton from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.58.

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.