Welch Group LLC Has $319,000 Stock Position in Halliburton (NYSE:HAL)

Welch Group LLC lessened its position in Halliburton (NYSE:HAL) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,843 shares of the oilfield services company’s stock after selling 998 shares during the period. Welch Group LLC’s holdings in Halliburton were worth $319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Country Trust Bank acquired a new stake in Halliburton in the 3rd quarter valued at $36,000. Continuum Advisory LLC lifted its stake in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after buying an additional 698 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter valued at $38,000. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter valued at about $44,000. Finally, Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 1.9 %

Shares of HAL opened at $25.52 on Tuesday. Halliburton has a fifty-two week low of $25.27 and a fifty-two week high of $41.56. The business has a 50-day moving average of $28.35 and a 200 day moving average of $29.65. The firm has a market cap of $22.42 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 3.60 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts forecast that Halliburton will post 2.67 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group cut their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. BMO Capital Markets decreased their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Finally, Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

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.