First Dallas Securities Inc. raised its stake in shares of Halliburton Company (NYSE:HAL) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,882 shares of the oilfield services company’s stock after acquiring an additional 5,421 shares during the quarter. First Dallas Securities Inc.’s holdings in Halliburton were worth $777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its position in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares in the last quarter. Ledyard National Bank boosted its position in shares of Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after purchasing an additional 128 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Estabrook Capital Management boosted its position in shares of Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after purchasing an additional 1,250 shares in the last quarter. 79.94% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on HAL. Loop Capital restated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. J P Morgan Chase & Co reduced their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Finally, Cowen and Company set a $50.00 target price on Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.55.

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Shares of Halliburton Company (HAL) traded down $0.10 during mid-day trading on Thursday, hitting $41.59. 2,286,366 shares of the company were exchanged, compared to its average volume of 8,794,433. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $36,380.00, a P/E ratio of 58.82, a P/E/G ratio of 4.64 and a beta of 1.05. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. equities analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.73%. Halliburton’s dividend payout ratio is presently 300.00%.

In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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