Investors Asset Management of Georgia Inc. GA ADV Boosts Stock Position in Halliburton Company $HAL

Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Halliburton Company (NYSE:HAL) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,970 shares of the oilfield services company’s stock after buying an additional 1,000 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Halliburton were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HAL. NBC Securities Inc. boosted its stake in shares of Halliburton by 111,028.6% in the 1st quarter. NBC Securities Inc. now owns 7,779 shares of the oilfield services company’s stock valued at $197,000 after purchasing an additional 7,772 shares in the last quarter. Merit Financial Group LLC boosted its position in Halliburton by 206.8% during the first quarter. Merit Financial Group LLC now owns 44,440 shares of the oilfield services company’s stock valued at $1,127,000 after buying an additional 29,953 shares during the period. Gateway Investment Advisers LLC grew its stake in shares of Halliburton by 10.9% during the first quarter. Gateway Investment Advisers LLC now owns 469,346 shares of the oilfield services company’s stock valued at $11,907,000 after buying an additional 45,961 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Halliburton by 59.3% in the first quarter. Wesbanco Bank Inc. now owns 258,543 shares of the oilfield services company’s stock worth $6,559,000 after buying an additional 96,236 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Halliburton in the first quarter worth about $568,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HAL shares. Wells Fargo & Company reduced 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. Susquehanna lowered their price target on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. UBS Group increased their price target on shares of Halliburton from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Saturday, September 27th. Finally, Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Monday, July 28th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Halliburton Stock Performance

Shares of HAL opened at $24.31 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The company has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $21.80. The firm has a market capitalization of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02.

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 firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. On average, analysts anticipate that Halliburton Company will post 2.64 EPS 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 paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is presently 31.78%.

Halliburton 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.