Captrust Financial Advisors Has $1.26 Million Stake in Halliburton (NYSE:HAL)

Captrust Financial Advisors lifted its stake in shares of Halliburton (NYSE:HAL) by 9.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,434 shares of the oilfield services company’s stock after acquiring an additional 3,721 shares during the period. Captrust Financial Advisors’ holdings in Halliburton were worth $1,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new position in shares of Halliburton during the 3rd quarter valued at $195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Halliburton by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after acquiring an additional 115,504 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after acquiring an additional 390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Halliburton by 12.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 395,772 shares of the oilfield services company’s stock valued at $11,497,000 after acquiring an additional 43,895 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Halliburton during the 3rd quarter valued at $1,461,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HAL shares. The Goldman Sachs Group dropped their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Stifel Nicolaus decreased their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, UBS Group decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Stock Performance

NYSE HAL opened at $28.78 on Friday. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The company has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $31.56. 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 company has a market capitalization of $25.28 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.90.

Halliburton (NYSE:HAL) last posted its quarterly earnings data 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts predict that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.36%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.