Live Oak Investment Partners Grows Stock Holdings in Halliburton (NYSE:HAL)

Live Oak Investment Partners lifted its stake in shares of Halliburton (NYSE:HAL) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,925 shares of the oilfield services company’s stock after buying an additional 2,332 shares during the quarter. Live Oak Investment Partners’ holdings in Halliburton were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital World Investors increased its position in shares of Halliburton by 0.3% during the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares during the period. Vanguard Group Inc. increased its position in shares of Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the period. Pacer Advisors Inc. increased its position in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of HAL opened at $30.19 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The stock has a market capitalization of $26.52 billion, a PE ratio of 10.52, a PEG ratio of 3.68 and a beta of 1.89. The company has a 50 day moving average price of $29.08 and a 200-day moving average price of $32.39. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56.

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

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HAL shares. Bank of America cut their price objective 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. Stifel Nicolaus cut their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. BMO Capital Markets cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. 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. Finally, Jefferies Financial Group dropped their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.