5,416 Shares in Halliburton (NYSE:HAL) Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Halliburton (NYSE:HAL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,416 shares of the oilfield services company’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in Halliburton by 2.7% in the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Halliburton by 46.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the last quarter. Sanders Capital LLC lifted its stake in Halliburton by 3.4% in the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after buying an additional 782,093 shares during the last quarter. Finally, Norges Bank purchased a new stake in Halliburton in the fourth quarter valued at approximately $400,070,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.1 %

NYSE HAL traded up $0.04 during trading hours on Tuesday, hitting $30.92. 7,760,459 shares of the company’s stock were exchanged, compared to its average volume of 7,570,686. The business’s 50 day moving average is $34.04 and its 200-day moving average is $36.04. The firm has a market capitalization of $27.37 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.93. 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 12-month low of $30.31 and a 12-month high of $43.85.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. As a group, analysts anticipate that Halliburton will post 3.18 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of several analyst reports. Barclays cut their price target on Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. UBS Group upped their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Jefferies Financial Group dropped their price objective on Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Royal Bank of Canada lowered their target price on Halliburton from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Morgan Stanley lowered their target price on Halliburton from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.35.

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.