Halliburton (NYSE:HAL) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. increased its holdings in shares of Halliburton (NYSE:HAL) by 5,617.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,001 shares of the oilfield services company’s stock after purchasing an additional 1,966 shares during the quarter. Rakuten Securities Inc.’s holdings in Halliburton were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. Bruce G. Allen Investments LLC raised its position in Halliburton by 274.9% in 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 purchasing an additional 822 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Halliburton in the first quarter valued at $46,000. Country Trust Bank purchased a new stake in shares of Halliburton in the 3rd quarter valued at $36,000. Beacon Capital Management LLC lifted its stake in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Halliburton during the 3rd quarter valued at about $44,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 0.2 %

HAL stock opened at $30.19 on Wednesday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The company has a market cap of $26.52 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.68 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $29.08 and a 200-day simple moving average of $32.39.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that Halliburton will post 3.03 EPS for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. Halliburton’s payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HAL shares. BMO Capital Markets reduced their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Stifel Nicolaus cut their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Bank of America reduced their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Morgan Stanley lowered their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.79.

Halliburton 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.