Wilmington Savings Fund Society FSB Acquires 453 Shares of Halliburton (NYSE:HAL)

Wilmington Savings Fund Society FSB raised its stake in Halliburton (NYSE:HALFree Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,776 shares of the oilfield services company’s stock after buying an additional 453 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Halliburton were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HAL. Franklin Resources Inc. lifted its stake in Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after buying an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after acquiring an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Halliburton in the third quarter valued at approximately $55,132,000. Thrivent Financial for Lutherans boosted its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after buying an additional 995,649 shares during the last quarter. Finally, Banco Santander S.A. bought a new position in shares of Halliburton in the third quarter valued at $13,085,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 2.0 %

Shares of HAL opened at $26.50 on Wednesday. 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 has a 52-week low of $25.16 and a 52-week high of $41.56. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 3.53 and a beta of 1.89. The business’s fifty day moving average is $27.62 and its 200-day moving average is $29.30.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is 24.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Jefferies Financial Group cut their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Check Out Our Latest Research Report on HAL

Halliburton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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