OneDigital Investment Advisors LLC Takes $524,000 Position in Halliburton Company $HAL

OneDigital Investment Advisors LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,421 shares of the oilfield services company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAL. Northwestern Mutual Wealth Management Co. lifted its position in Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after acquiring an additional 29,735,387 shares in the last quarter. Capital Research Global Investors increased its holdings in Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after purchasing an additional 19,190,520 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Halliburton in the 2nd quarter valued at about $337,486,000. Norges Bank acquired a new stake in shares of Halliburton in the 4th quarter valued at about $169,304,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Halliburton by 12,413.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,163,259 shares of the oilfield services company’s stock valued at $162,325,000 after purchasing an additional 4,129,988 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HAL shares. Evercore reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, April 22nd. Citigroup upped their price target on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Finally, UBS Group lowered their price objective on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

Halliburton Price Performance

NYSE:HAL opened at $34.77 on Wednesday. Halliburton Company has a 52-week low of $20.78 and a 52-week high of $43.59. The company has a market cap of $28.97 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The stock’s 50-day simple moving average is $34.21 and its 200 day simple moving average is $36.48.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, sell-side analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio is currently 35.60%.

Insider Activity at Halliburton

In other news, CFO Eric Carre sold 24,778 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.