Mraz Amerine & Associates Inc. Grows Position in Halliburton Company $HAL

Mraz Amerine & Associates Inc. grew its position in Halliburton Company (NYSE:HAL) by 42.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,770 shares of the oilfield services company’s stock after acquiring an additional 24,015 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Halliburton were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. increased its position in Halliburton by 111,028.6% in the first quarter. NBC Securities Inc. now owns 7,779 shares of the oilfield services company’s stock worth $197,000 after purchasing an additional 7,772 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of Halliburton by 59.3% in the 1st 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 in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Halliburton in the 1st quarter worth about $568,000. GAMMA Investing LLC raised its position in shares of Halliburton by 33.6% during the 1st quarter. GAMMA Investing LLC now owns 11,619 shares of the oilfield services company’s stock valued at $295,000 after buying an additional 2,925 shares in the last quarter. Finally, Central Valley Advisors LLC lifted its holdings in shares of Halliburton by 7.3% in the 1st quarter. Central Valley Advisors LLC now owns 54,716 shares of the oilfield services company’s stock valued at $1,388,000 after acquiring an additional 3,727 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

Shares of Halliburton stock opened at $24.36 on Tuesday. 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’s fifty day moving average is $22.45 and its two-hundred day moving average is $21.80. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a market capitalization of $20.77 billion, a PE ratio of 11.38 and a beta of 1.02.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $5.51 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. As a group, analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Halliburton’s dividend payout ratio (DPR) is 31.78%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAL. Barclays reduced their price objective on Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. UBS Group boosted their target price on Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Zephirin Group increased their price target on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Melius Research began coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.30.

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.