Halliburton (NYSE:HAL) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its holdings in shares of Halliburton (NYSE:HAL) by 8.2% in the 3rd quarter, Holdings Channel reports. The firm owned 24,504 shares of the oilfield services company’s stock after buying an additional 1,848 shares during the period. Meeder Advisory Services Inc.’s holdings in Halliburton were worth $712,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in shares of Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Halliburton by 3.1% during the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares during the last quarter. Moody National Bank Trust Division increased its stake in Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after purchasing an additional 336 shares in the last quarter. Finally, Northwest Bank & Trust Co raised its holdings in Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after buying an additional 397 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $30.47 on Wednesday. The stock has a market capitalization of $26.77 billion, a P/E ratio of 10.62, a P/E/G ratio of 3.64 and a beta of 1.89. The business has a 50-day moving average of $29.22 and a two-hundred day moving average of $32.08. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

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 the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. On average, equities research analysts predict that Halliburton will post 3.02 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.23%. Halliburton’s payout ratio is 23.69%.

Analyst Ratings Changes

Several research analysts have commented on HAL shares. The Goldman Sachs Group decreased their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus lowered their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Dbs Bank initiated coverage on Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price for the company. Barclays lowered their price target on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Bank of America reduced their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Four 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.74.

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.