Wedmont Private Capital Has $306,000 Stake in Halliburton Company $HAL

Wedmont Private Capital increased its holdings in shares of Halliburton Company (NYSE:HAL) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,888 shares of the oilfield services company’s stock after acquiring an additional 1,584 shares during the period. Wedmont Private Capital’s holdings in Halliburton were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC lifted its stake in shares of Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company’s stock valued at $440,000 after acquiring an additional 17,094 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Halliburton by 42.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after buying an additional 91,791 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock worth $4,047,000 after purchasing an additional 40,109 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Halliburton by 22.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock worth $3,256,000 after purchasing an additional 23,887 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Halliburton by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company’s stock worth $70,530,000 after acquiring an additional 67,704 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Up 0.8%

Shares of HAL opened at $22.54 on Monday. The business’s 50-day moving average price is $21.87 and its 200-day moving average price is $21.83. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $19.22 billion, a PE ratio of 10.53 and a beta of 1.10. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. Halliburton’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.0%. Halliburton’s dividend payout ratio is 31.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAL shares. Stifel Nicolaus decreased their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Barclays cut their target price on Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Piper Sandler downgraded shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Monday, July 28th. Melius began coverage on shares of Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Susquehanna decreased their price objective on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.37.

Halliburton Company Profile

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.