Halliburton Company $HAL Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in Halliburton Company (NYSE:HAL) by 114.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,264 shares of the oilfield services company’s stock after purchasing an additional 53,591 shares during the quarter. Kestra Advisory Services LLC’s holdings in Halliburton were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Claro Advisors Inc. acquired a new position in shares of Halliburton during the third quarter worth approximately $205,000. Chicago Partners Investment Group LLC grew its holdings in Halliburton by 3.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 27,783 shares of the oilfield services company’s stock worth $970,000 after buying an additional 940 shares in the last quarter. Mraz Amerine & Associates Inc. grew its holdings in Halliburton by 6.1% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 114,848 shares of the oilfield services company’s stock worth $3,652,000 after buying an additional 6,615 shares in the last quarter. Rakuten Investment Management Inc. increased its position in Halliburton by 9.6% in the 3rd quarter. Rakuten Investment Management Inc. now owns 149,684 shares of the oilfield services company’s stock valued at $4,721,000 after acquiring an additional 13,059 shares during the period. Finally, Provenance Wealth Advisors LLC increased its position in Halliburton by 512.7% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,403 shares of the oilfield services company’s stock valued at $45,000 after acquiring an additional 1,174 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Halliburton from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Argus lowered their price target on Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a report on Friday, October 2nd. Piper Sandler cut their price objective on shares of Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Freedom Broker raised shares of Halliburton from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Thursday, October 22nd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Halliburton Price Performance

Shares of NYSE:HAL traded up $0.96 during trading hours on Friday, hitting $33.72. 8,857,015 shares of the company’s stock traded hands, compared to its average volume of 10,720,367. The company’s fifty day simple moving average is $33.67 and its two-hundred day simple moving average is $35.73. The company has a market cap of $27.89 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.02. Halliburton Company has a 52 week low of $24.92 and a 52 week high of $43.59.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. 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 previous year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Halliburton Company will post 2.33 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $0.68 annualized dividend and a yield of 2.0%. Halliburton’s payout ratio is 28.45%.

Insider Transactions at Halliburton

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the transaction, the chief operating officer owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Profile

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.