Cary Street Partners Asset Management LLC Purchases 56,707 Shares of Halliburton (NYSE:HAL)

Cary Street Partners Asset Management LLC boosted its position in shares of Halliburton (NYSE:HAL) by 56.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 157,085 shares of the oilfield services company’s stock after purchasing an additional 56,707 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Halliburton were worth $4,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. increased its position in shares of Halliburton by 12.2% during the third quarter. QRG Capital Management Inc. now owns 42,239 shares of the oilfield services company’s stock valued at $1,227,000 after acquiring an additional 4,583 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Halliburton by 1.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 334,483 shares of the oilfield services company’s stock worth $9,717,000 after purchasing an additional 4,230 shares in the last quarter. National Pension Service increased its holdings in shares of Halliburton by 1.9% in the 3rd quarter. National Pension Service now owns 1,292,856 shares of the oilfield services company’s stock worth $37,557,000 after purchasing an additional 24,350 shares in the last quarter. BSW Wealth Partners raised its stake in shares of Halliburton by 4.9% in the third quarter. BSW Wealth Partners now owns 10,565 shares of the oilfield services company’s stock worth $307,000 after purchasing an additional 497 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Halliburton by 4.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after acquiring an additional 6,258 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HAL shares. UBS Group decreased their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their price target on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Benchmark reiterated a “buy” rating and set a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Evercore ISI dropped their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $41.74.

Halliburton Stock Performance

NYSE HAL opened at $28.13 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The business has a 50-day moving average price of $29.24 and a 200-day moving average price of $32.71. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.42%. Halliburton’s payout ratio is 22.59%.

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.