Rainier Group Investment Advisory LLC purchased a new stake in Halliburton (NYSE:HAL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,600 shares of the oilfield services company’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAL. Daiwa Securities Group Inc. grew its stake in Halliburton by 21.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 32,021 shares of the oilfield services company’s stock valued at $1,565,000 after buying an additional 5,580 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Halliburton by 26.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,746 shares of the oilfield services company’s stock worth $281,000 after acquiring an additional 1,197 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Halliburton by 3.3% during the fourth quarter. New Mexico Educational Retirement Board now owns 83,371 shares of the oilfield services company’s stock worth $4,074,000 after acquiring an additional 2,700 shares during the last quarter. Sei Investments Co. grew its stake in shares of Halliburton by 4.6% during the fourth quarter. Sei Investments Co. now owns 735,153 shares of the oilfield services company’s stock worth $35,927,000 after acquiring an additional 32,128 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. grew its stake in shares of Halliburton by 27.3% during the fourth quarter. Pinnacle Financial Partners Inc. now owns 12,254 shares of the oilfield services company’s stock worth $599,000 after acquiring an additional 2,630 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

A number of equities research analysts have recently weighed in on HAL shares. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Bank of America boosted their price target on Halliburton from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Jefferies Financial Group set a $62.00 target price on Halliburton and gave the stock a “buy” rating in a report on Wednesday, April 4th. Finally, BMO Capital Markets set a $63.00 target price on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $59.08.

Halliburton traded up $0.29, reaching $47.96, during trading hours on Thursday, Marketbeat Ratings reports. The company had a trading volume of 508,760 shares, compared to its average volume of 8,916,713. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86. The company has a market capitalization of $41.92 billion, a PE ratio of 39.31, a PEG ratio of 2.41 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted $0.04 earnings per share. Halliburton’s revenue for the quarter was up 34.1% on a year-over-year basis. equities research analysts predict that Halliburton will post 2.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, June 5th. Halliburton’s payout ratio is presently 59.02%.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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