Recurrent Investment Advisors LLC Has $746,000 Stock Position in Halliburton (NYSE:HAL)

Recurrent Investment Advisors LLC lowered its stake in Halliburton (NYSE:HAL) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,676 shares of the oilfield services company’s stock after selling 1,759 shares during the quarter. Recurrent Investment Advisors LLC’s holdings in Halliburton were worth $746,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HAL. Country Trust Bank acquired a new position in shares of Halliburton in the 3rd quarter valued at $36,000. Bruce G. Allen Investments LLC lifted its stake in shares of Halliburton by 274.9% in the 2nd 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. ORG Wealth Partners LLC acquired a new position in shares of Halliburton in the 3rd quarter valued at $44,000. Venturi Wealth Management LLC lifted its stake in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group dropped their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. UBS Group dropped their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Finally, The Goldman Sachs Group dropped their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Price Performance

Shares of NYSE HAL opened at $30.61 on Thursday. The stock has a market capitalization of $26.89 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 3.92 and a beta of 1.90. The business has a 50-day moving average of $29.82 and a 200-day moving average of $31.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. 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 data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. As a group, sell-side analysts predict that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

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.