Thurston Springer Miller Herd & Titak Inc. Acquires 1,629 Shares of Halliburton (NYSE:HAL)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Halliburton (NYSE:HAL) by 30.1% in the third quarter, Holdings Channel reports. The institutional investor owned 7,045 shares of the oilfield services company’s stock after acquiring an additional 1,629 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Halliburton were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HAL. Rise Advisors LLC purchased a new stake in shares of Halliburton during the 1st quarter worth $26,000. Country Trust Bank bought a new position in Halliburton in the third quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its position in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after buying an additional 822 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Halliburton in the 1st quarter valued at about $46,000. Finally, Beacon Capital Management LLC grew its position in shares of Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

HAL has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. BMO Capital Markets lowered their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. UBS Group reduced their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.79.

Halliburton Stock Down 0.8 %

Shares of HAL stock opened at $30.58 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a twelve month low of $27.52 and a twelve month high of $43.85. The stock has a 50 day moving average of $30.16 and a 200 day moving average of $33.96. The stock has a market cap of $27.07 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.04 and a beta of 1.88.

Halliburton (NYSE:HAL) last posted its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts expect that Halliburton will post 3.13 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

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.