Missouri Trust & Investment Co Has $262,000 Stake in Halliburton (NYSE:HAL)

Missouri Trust & Investment Co lifted its stake in Halliburton (NYSE:HAL) by 3,504.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,010 shares of the oilfield services company’s stock after acquiring an additional 8,760 shares during the period. Missouri Trust & Investment Co’s holdings in Halliburton were worth $262,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Country Trust Bank bought a new stake in shares of Halliburton during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC boosted its stake in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after buying an additional 822 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Halliburton in the 3rd quarter valued at $44,000. Crewe Advisors LLC acquired a new position in shares of Halliburton in the 1st quarter valued at $46,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 34.2% during the 3rd 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 during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 0.7 %

Shares of NYSE:HAL traded up $0.22 during trading on Tuesday, hitting $30.35. 1,575,186 shares of the company’s stock traded hands, compared to its average volume of 8,025,895. The company has a current ratio of 2.21, a quick ratio of 1.54 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $29.08 and a 200-day moving average price of $32.39. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The company has a market cap of $26.79 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted 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). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, research analysts forecast that Halliburton will post 3.09 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s payout ratio is 23.69%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HAL. UBS Group dropped their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. BMO Capital Markets dropped their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Susquehanna decreased their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday. Finally, Dbs Bank assumed coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.79.

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.