UMB Bank n.a. Acquires 4,210 Shares of Halliburton Company $HAL

UMB Bank n.a. increased its position in shares of Halliburton Company (NYSE:HAL) by 168.7% in the second quarter, Holdings Channel.com reports. The firm owned 6,705 shares of the oilfield services company’s stock after purchasing an additional 4,210 shares during the quarter. UMB Bank n.a.’s holdings in Halliburton were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Vise Technologies Inc. bought a new stake in Halliburton during the fourth quarter valued at about $265,000. GTS Securities LLC raised its stake in Halliburton by 241.2% in the 4th quarter. GTS Securities LLC now owns 16,294 shares of the oilfield services company’s stock worth $443,000 after acquiring an additional 27,835 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Halliburton in the fourth quarter valued at approximately $33,832,000. Hara Capital LLC increased its stake in shares of Halliburton by 212.4% in the fourth quarter. Hara Capital LLC now owns 54,284 shares of the oilfield services company’s stock worth $1,476,000 after acquiring an additional 36,907 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Halliburton by 18.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 119,424 shares of the oilfield services company’s stock valued at $3,247,000 after buying an additional 18,245 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HAL shares. Wells Fargo & Company lowered their price target on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Piper Sandler lowered Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research note on Monday, July 28th. Melius started coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Royal Bank Of Canada cut their price objective on Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus cut their price objective on Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.37.

Halliburton Trading Up 0.8%

Shares of HAL opened at $24.46 on Thursday. The firm’s 50-day moving average is $22.00 and its two-hundred day moving average is $21.85. The firm has a market capitalization of $20.86 billion, a P/E ratio of 11.43 and a beta of 1.10. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, research analysts predict 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 issued a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.8%. Halliburton’s dividend payout ratio (DPR) is presently 31.78%.

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.