Court Place Advisors LLC Has $466,000 Stock Position in Halliburton (NYSE:HAL)

Court Place Advisors LLC lessened its holdings in Halliburton (NYSE:HAL) by 8.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,051 shares of the oilfield services company’s stock after selling 1,550 shares during the period. Court Place Advisors LLC’s holdings in Halliburton were worth $466,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in shares of Halliburton by 33.5% in the first quarter. Park Avenue Securities LLC now owns 13,079 shares of the oilfield services company’s stock valued at $516,000 after purchasing an additional 3,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Halliburton by 15.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 69,658 shares of the oilfield services company’s stock valued at $2,746,000 after buying an additional 9,181 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in Halliburton during the 1st quarter valued at $211,000. Hennessy Advisors Inc. boosted its holdings in Halliburton by 484.1% during the 1st quarter. Hennessy Advisors Inc. now owns 97,250 shares of the oilfield services company’s stock worth $3,834,000 after acquiring an additional 80,600 shares during the last quarter. Finally, WD Rutherford LLC grew its stake in shares of Halliburton by 8.4% in the 1st quarter. WD Rutherford LLC now owns 69,350 shares of the oilfield services company’s stock worth $2,734,000 after acquiring an additional 5,365 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HAL shares. TD Cowen cut their price target on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. UBS Group cut their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $37.00 in a research report on Friday, September 13th. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Finally, Barclays reduced their price objective on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.74.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.38 on Friday, reaching $28.23. The stock had a trading volume of 1,501,842 shares, compared to its average volume of 7,893,673. The business’s 50 day moving average is $29.82 and its two-hundred day moving average is $33.43. The company has a market cap of $24.99 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88. Halliburton has a 1 year low of $27.51 and a 1 year high of $41.56. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

About Halliburton

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.