Halliburton (NYSE:HAL) Position Decreased by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV decreased its holdings in shares of Halliburton (NYSE:HAL) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 164,626 shares of the oilfield services company’s stock after selling 2,900 shares during the period. Halliburton comprises approximately 1.3% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 22nd biggest holding. Builder Investment Group Inc. ADV’s holdings in Halliburton were worth $4,782,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Country Trust Bank purchased a new stake in shares of Halliburton in the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Halliburton by 274.9% during 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 buying an additional 822 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton during the 3rd quarter valued at about $44,000. Crewe Advisors LLC acquired a new stake in shares of Halliburton during the 1st quarter valued at about $46,000. Finally, Beacon Capital Management LLC lifted its holdings in Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 309 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

NYSE:HAL opened at $28.26 on Tuesday. The stock has a fifty day moving average price of $29.94 and a 200-day moving average price of $33.56. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.04 and a beta of 1.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $42.15.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. Halliburton’s revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that Halliburton will post 3.13 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.41%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HAL shares. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research report on Monday, July 22nd. Evercore ISI lowered their price objective on Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Barclays lowered their price target on Halliburton from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group reduced 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 analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.74.

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.